has achieved a significant milestone by surpassing $2 billion in total locked value (TVL) for the first time. This marks a 370% increase from approximately $430 million at the beginning of the year. The decentralized exchange Aerodrome has been the largest contributor to this growth, with deposits exceeding $1 billion, followed by Uniswap with $220 million.
Base operates as an optimistic rollup, processing transactions off the main Ethereum blockchain and periodically publishing transaction data on-chain. This method reduces the load on Ethereum, enhancing its throughput. Launched in August 2023, Base has quickly become the second-largest optimistic rollup after Arbitrum.
The rapid growth in TVL highlights the increasing user activity and trust in the Base network, positioning it as a key player in the DeFi space. According to DeFiLlama, Baseâs TVL currently stands at $2.08 billion, reflecting its strong performance and potential for future growth.
