Base TVL is approaching the $1 billion mark! Most focus on DEX Aerodrome

The TVL of Ethereum L2-Base, incubated by Coinbase, has made an astonishing leap recently and is close to the US$1 billion milestone; most of its assets are concentrated in DEX-Aerodrome.

Base deposit funds are rising significantly

Since the beginning of March, Base’s TVL has almost doubled, soaring from a stable $470 million to $970 million.

DEX-Aerodrome is the focus, and platform currency is the main reason for value-added

Base’s growth mainly comes from the decentralized exchange (DEX)-Aerodrome, which currently accounts for nearly half of Base’s total value locked , reaching $424 million. Aerodrome's TVL has grown from $125 million in early February to over $420 million, thanks to increased user activity and a surge in the value of its native token, Aero.

It can be seen from Aerodrome’s liquidity pool that most of them are concentrated in WETH-USDC, followed by USDC-AERO. The value of AERO has increased by 1392% in the past 30 days, pushing up Aerodrome TVL; followed by synthetic stability Coin DOLA, a stable currency generated by mortgaging assets in other protocols, can easily lock in value for the ecological "bonus" within a single blockchain, but the source of value comes from mortgage assets.

Aerodrome originated from the Velodrome fork

Aerodrome was a fork launched by the Velodrome Finance team on Base in September 2023. Following its successful strategy on the OP mainnet, Aerodrome has since driven massive transaction volumes on Base, fueling Base’s explosive growth.

As both parties focus on promoting user participation and utilizing strategic DeFi rewards, it may be due to the surge in TVL that more ecosystems will be attracted to work on Base.

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