{"id":23640,"date":"2023-09-23T10:44:12","date_gmt":"2023-09-23T10:44:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/base-ecosystem-expands-by-97-21-as-tvl-surpasses-that-of-solana\/"},"modified":"2023-09-23T10:44:12","modified_gmt":"2023-09-23T10:44:12","slug":"base-ecosystem-expands-by-97-21-as-tvl-surpasses-that-of-solana","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/base-ecosystem-expands-by-97-21-as-tvl-surpasses-that-of-solana\/","title":{"rendered":"Base ecosystem expands by 97.21% as TVL surpasses that of Solana"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695462989048-8ea8c8ed-ffd4-43d8-83da-55b4323ac800-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695462989048-8ea8c8ed-ffd4-43d8-83da-55b4323ac800-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695462989048-8ea8c8ed-ffd4-43d8-83da-55b4323ac800-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695462989048-8ea8c8ed-ffd4-43d8-83da-55b4323ac800-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul class=\"decimal_type\">\n<li>Base\u2019 has outpaced established networks like Solana proving its growing prominence in the DeFi landscape.<\/li>\n<li>Base\u2019s remarkable rise is driven by projects like Aerodrome Finance and Friend.tech.<\/li>\n<li>Base has also enjoyed an impressive increase in transaction volume.<\/li>\n<\/ul>\n<p>Coinbase\u2019s layer 2 network, Base, has witnessed an astounding surge in its Total Value Locked (TVL), hitting approximately $397.32 million within just a month and a half since its <a href=\"https:\/\/coinjournal.net\/news\/coinbases-base-mainnet-featuring-100-dapps-opens-to-the-general-public\/\">August launch<\/a>.<\/p>\n<p>This meteoric rise has propelled Base ahead of Solana, whose TVL currently stands at $358.96 million. In the past 30 days alone, Base\u2019s TVL surged by a staggering 97.21%, as <a href=\"https:\/\/defillama.com\/chains\">evident on DeFiLlama<\/a>, while Solana experienced a 9.64% decrease in TVL during the same period. Interestingly, the surge comes even after <a href=\"https:\/\/coinjournal.net\/news\/base-ecosystem-expands-by-97-21-as-tvl-surpasses-that-of-solana\/Coinbase-incubated%20Base%20suffers%20an%20outage,%20team%20says%20user%20funds%20are%20safe\">Base suffered an outage<\/a> at the beginning of September.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/08\/23\/1695462677222-cf02b7d1-ebe1-46b9-9980-0b71d0ccd0e1.jpg\" class=\"fr-fic fr-dib\" width=\"615\" height=\"200\"\/><em>Screenshot from DefiLlama<\/em><\/p>\n<h2>Blockchain projects launched on Base<\/h2>\n<p>Within Base\u2019s TVL, two native projects have played a pivotal role. Leading the charge is the decentralized exchange (DEX) Aerodrome Finance, boasting a TVL of $97.83 million. In a similar vein, the decentralized social media (DeSo) app Friend.tech secured the second spot with a TVL of $36.53 million.<\/p>\n<p>Aerodrome Finance, launched on August 28, allows users to deposit liquidity and earn AERO tokens. Its TVL saw an <a href=\"https:\/\/coinjournal.net\/news\/base-blockchains-defi-tvl-surges-as-aerodrome-inflows-rise\/\">explosive growth spurt on August 31<\/a>, with an influx of $150 million in a single day. However, it subsequently witnessed a decline of approximately 51% from its peak.<\/p>\n<p>Friend.tech, introduced on August 11, enables users to tokenize their social networks through the exchange of \u201cKeys.\u201d Despite initial concerns regarding user activity and fees in late August, the platform staged a remarkable comeback in September. DeFi Llama reports that Friend.tech\u2019s TVL skyrocketed by a staggering 540% over the past month, primarily driven by increased daily trading volume since September 9.<\/p>\n<p>Further down the list, Base\u2019s TVL is predominantly attributed to multi-network DeFi platforms such as <a href=\"https:\/\/coinjournal.net\/compound\/what-is-compound\/\">Compound<\/a>, Curve, and <a href=\"https:\/\/coinjournal.net\/uniswap\/what-is-uniswap\/\">Uniswap<\/a>.<\/p>\n<h2>Increased daily transactions<\/h2>\n<p>Notably, Base recently achieved an all-time high in daily transactions, reaching 1.88 million on September 14. This accomplishment firmly positions Base ahead of rival chains like Optimism and Arbitrum, which collectively managed almost 880,000 transactions on the same day.<\/p>\n<p>While daily transactions have dipped to around 908,000 as of September 22, Base\u2019s transaction ATH remains unbroken.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/base-ecosystem-expands-by-97-21-as-tvl-surpasses-that-of-solana\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Base\u2019 has outpaced established networks like Solana proving its growing prominence in the DeFi landscape. Base\u2019s remarkable rise is driven by projects like Aerodrome Finance and Friend.tech. Base has also enjoyed an impressive increase in transaction volume. Coinbase\u2019s layer 2 network, Base, has [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":23641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23640"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23640"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23641"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}