In just one year, the total locked value (TVL) of the Base chain has achieved an astonishing 100,000-fold growth, soaring from $22,000 to $2.52 billion, becoming an important topic in the crypto space. This article will deeply analyze the ecological highlights of the Base chain, including its widely watched decentralized exchange (DEX), profitable protocols, popular memecoins, etc., to help you understand how to seize opportunities in the Base chain.
Data interpretation: Is the 100,000-fold growth true or false?
If you doubt this growth data, we can do a simple calculation:
- Dividing 2.52 billion by 22,000 shows that the increase is about 114,545 times.
The data undoubtedly proves the rapid growth of Base Chain. We will now analyze in depth the highlights of its ecosystem.
AerodromeFi: Decentralized Exchange and Liquidity Market for Base Chain
As an innovative AMM protocol on the Base chain, Aerodrome Finance is the main liquidity center. Based on Velodrome v2 development, users can vote for token issuance through NFT and receive rewards. Here are some key data:
- TVL: $1.4 billion
- Monthly transaction volume: $12.7 billion
-Monthly expenses: $22.33 million
- Monthly active users: 230,650
AerodromeFi has become an important platform on the Base chain through liquidity incentives and a friendly user interface.
Extra Finance: A community-driven lending and leveraged yield platform
Extra Finance is a protocol built on Optimism, which mainly provides lending and leveraged income. The protocol has a TVL of over $160 million and a daily income of $10,000. Although it is not particularly large, it has great potential. Through voting, staking, cross-chain bridging and yield farming**, users can maximize their income and earn future airdrop points from the LRT pool.
Morpho Labs: Efficient and secure lending platform
Morpho Labs provides a trustless and efficient lending platform that allows users to create markets without permission. With a TVL of nearly $1 billion, it is an important player in the DeFi field. Key data are as follows:
- Total deposits: $1.97 billion
- Total borrowings: $707 million
- TVL: $1.26 billion
This platform deserves the attention of every DeFi investor.
Base chain ecology: rich and diverse innovative dApps
The Base ecosystem includes numerous innovative dApps that drive technological and creative advancements.
Visit [base.org/ecosystem](http://base.org/ecosystem) for more details, which provides complete ecosystem resources to help you get started quickly.
Ranking of popular memecoins on Base chain
Here are the top memecoins on the Base chain ranked by market cap:
- @BasedBrett / $1 billion market cap
- @degentokenbase / $145 million market cap
- @Toshi_base / $76 million market cap
- @KeyboardCatBase / $56 million market cap
- @sartoshi_rip / $33 million market cap
- @Basenjiofficial / $28 million market value
@BasedBrett: Pepe's partner on the Base chain
As the main cultural icon and mascot of the Base chain, BasedBrett’s market value has reached 1 billion US dollars, and the founding team is actively promoting the development of the project, which is expected to achieve higher growth.
@degentokenbase: Memecoin with dreams
Degen is a reward token designed for Farcaster users, inspired by memecoin culture, allowing users to tip creators and supporting the Degen chain (an L3 called the "Las Vegas of blockchain").
@Toshi_base: Brian Armstrong's Cat and Satoshi-Inspired Memecoin
Toshi is the mascot of the Base chain, which aims to use memes and community power to become the top memecoin of the Base ecosystem. The token also launched NFToshis 2.0 to provide a more attractive user experience.
Conclusion
The explosive growth of the Base chain in just one year has made it a hot topic in the DeFi field. By analyzing Base's DEX, yield protocol, and memecoin, investors can have a clearer understanding of its growth drivers and how to effectively participate in it.
