Coinspeaker
Aerodrome Dominates Base Network with Over $1B in Deposits
Coinbase layer-2 network Base is currently witnessing exponential growth, having seen an impressive surge in its total value locked (TVL). The network’s TVL has surpassed $2 billion, more than five times what it was at the beginning of 2024. However, the hands of Aerodrome, a decentralized exchange (DEX), have been clearly behind this growth that has been nothing short of remarkable.
Aerodrome has become quite a dominant force in the DeFi ecosystem on Base. It is the largest DEX on the network and accounts for almost half of Base’s TVL. The exchange has contributed over $1 billion in deposits, marking a notable increase from just $120 million deposit base in January.
Aerodrome: Origin and How It Became the Driving Force behind Base Network
Aerodrome’s success can be traced to its origins. At least, for the major part. It was launched in September 2023 as a forked version of Velodrome, a DEX on the
We współpracy z: https://www.coinspeaker.com/aerodrome-dominates-base-network-1b-deposits/
