Aerodrome launch pushes Base TVL past $400m
The total value locked (TVL) on the Base layer-2 network spiked to more than $400 million since the launch of the Aerodrome decentralized exchange. The most recent information from DefiLlama shows that the TVL of Base, a layer 2 Ethereum (ETH) network developed at Coinbase, increased by more than 56% to reach $405.66 million in the past week. With the launch of Aerodrome on the Base chain, the TVL on the Base chain has exceeded 400 million US dollars, surpassing the zkSync Era (384 million US dollars), and an increase of about 56% in the past week. The Aerodrome TVL has approached US$200 million. The higher APR has… — Wu Blockchain (@WuBlockchain) September 2, 2023 This increase was powered mainly by the introduction of Aerodrome, a new trading and liquidity marketplace, on the network. Aerodrome got off to a sluggish start when it launch ed on Aug. 28. It brought in less than $5 million in liquidity over the course of its first two days. However, since Aug. 31, deposits ...