According to The Block, Base's total locked value exceeded US$2 billion for the first time, an increase of 370% year-to-date.
Decentralized exchange Aerodrome was the largest contributor to TVL growth, with deposits exceeding $1 billion.
Base, an Ethereum layer-2 network incubated by Coinbase, has surpassed $2 billion in total locked value for the first time, making it the second-largest optimistic rollup after Arbitrum.
According to DeFiLlama, Base’s TVL is currently $2.08 billion, up 370% from about $430 million at the beginning of the year.
Base acts as an optimistic aggregation and periodically publishes transaction data to the chain by processing transactions outside the main Ethereum blockchain. This approach significantly reduces the load on the Ethereum blockchain, thereby increasing its throughput. Its mainnet will be launched in August 2023.
Decentralized exchange Aerodrome has contributed the most to Base TVL growth over the past year, with deposits now exceeding $1 billion, followed by Uniswap, which holds $220 million.
