The base ecosystem grows by 97.21 %because TVL exceeds that of Solana

• "base" overtook established networks like Solana and thus demonstrated its growing importance in the defi landscape.
• The remarkable rise of base is driven by projects such as aerodrome finance and friend.tech.
• base also recorded an impressive increase in transaction volume.

The Layer-2 network of Coinbase, Base, recorded an astonishing increase in his Total Value Locked (TVL) and reached around $ 397.32 million within just one and a half months since its introduction in August.

This comet-like ascent brought Base to Solana, whose TVL is currently $ 358.96 million. In the last 30 days alone, the TVL from Base has increased by incredible 97.21 % obviously on defillama , while in the same period Solana recorded a decline in the TVL by 9.64 %. Interestingly, the increase also comes after a base failure in early September.

Screenshot from Defillama

blockchain projects started on base

Within the TVL from Base, two native projects have played a central role. At the top is the decentralized stock exchange (Dex) Aerodrome Finance with a TVL of $ 97.83 million. Similarly, the decentralized social media app (DESO) Friend.tech secured second place with a TVL of $ 36.53 million.

aerodrome finance was started on August 28th and enables users to pay liquidity and earn aero tokens. His TVL recorded an explosive growth thrust on August 31 with an inflow of $ 150 million in one day. Afterwards, however, there was a decrease of around 51 % compared to the maximum.

friend.tech was introduced on August 11th and enables users to token their social networks by exchanging “keys”. Despite initial concerns about user activity and fees at the end of August, the platform experienced a remarkable comeback in September. Defi Llama reports that the TVL from Friend.Tech rose by an incredible 540 % last month, which has mainly been due to the increased daily trade volume since September 9th.

Base below in the list is mostly attributed to multi-network defi platforms such as Compound, Curve and Uniswap.

increased daily transactions

It is noteworthy that Base recently reached an all -time high in the daily transactions and reached 1.88 million on September 14th. This success positions Base clearly in front of competing chains such as Optimism and Arbitrum, which together managed almost 880,000 transactions on the same day.

While the daily transactions have dropped to around 908,000 on September 22nd, the transactionth of Base remains unbroken.