- Base network total value locked has hit $391.53 million, rising by more than $200 million in five days.
- It comes after the Aerodrome launch, with the decentralized exchange accounting for almost 52% of the network’s TVL.
- The epic rise comes as developers join hands to enhance liquidity and boost the Base ecosystem.
Base network Total Value Locked (TVL) has recorded an epic surge over the past week, with the Coinbase incubator program drawing in developers who want to process large volumes of transactions on the mainnet.
Also Read: What BASE and Optimism’s collaboration means for OP price
Base TVL skyrockets after DEX launch
Base TVL is $391.53 million at the time of writing, $201.53 million higher than on August 28, just before the launch of the Aerodrome decentralized exchange. This is not a mean feat, considering Base is barely a month old and has already ascended to secure the fourth position among Ethereum Layer-2 (L2) blockchains. Its peers include Arbitrum One, Polygon, and OP Mainnet.
A rise in TVL indicates that user deposits are rising, which points to user interest in the DEX. DeFiLlama data shows that The DEX’s TVL is $197.9 million, accounting for 51.58% of the entire mainnet total value locked.
BASE TVL
Aerodrome DEX and its intention for launching on base Mainnet
Aerodrome is a decentralized exchange released by the largest DEX protocol on OP Mainnet, Velodrome Finance. It runs on Coinbase’s Layer 2 Base network, released by more than 20 collaborators. The Velodrome team launched Aerodrome on Base as part of a commitment to capture a sizeable part of the network’s liquidity and value exchange. Ideally, it is the same thing they did on OP Mainnet (previously Optimism), using DeFi incentives.
It is worth mentioning that the launch of Aerodrome on Base mainnet has proved value adding to the network, multiplying the network’s liquidity a hundredfold, an action that has helped complete its DeFi ecosystem courtesy of the new partners.
Open Interest, funding rate FAQs
How does Open Interest affect cryptocurrency prices?
Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of an increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is regarded as a sign of liquidation in the market; investors are leaving, and the overall demand for an asset is declining, fueling a bearish sentiment among investors.
How does Funding rate affect cryptocurrency prices?
Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
World Liberty Financial confirms launch of USD1 stablecoin
President Donald Trump-inspired World Liberty Financial (WLFI) confirmed on Tuesday that it will launch its USD1 stablecoin, which it claims will be backed 1:1 with the US Dollar. This comes after the DeFi platform initiated several test transactions using the stablecoin on the Binance BNB Chain.
Crypto Today: BTC stalls below $90k, Binance ecosystem surges as Trump’s WLFI launches USD1
Cryptocurrency markets are down 1.75% on Tuesday, with a $60 billion outflow bringing aggregate valuation below $3 trillion. Bitcoin price failed to break out above as Trump’s hints at secondary tariffs triggered skittish sentiment across global markets.
Crypto Morning: SEC, FINRA eye crypto, Tornado Cash users demand justice, RWA hits $10 billion TVL
Crypto continues to remain under the oversight of US financial regulators, the Securities & Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), according to a Law360 report on Monday.
Bitcoin stabilizes around $87,000 as it displays a classic beta response to traditional markets
Bitcoin stabilizes around $87,000 on Tuesday after extending a recovery over the past two days. A Crypto Finance report highlights that the crypto market followed the broader risk momentum, displaying a classic beta response to traditional markets.
Bitcoin: BTC stabilizes around $84,000 despite US SEC regularity clarity and Fed rate stability
Bitcoin price stabilizes around $84,000 at the time of writing on Friday after recovering nearly 2% so far this week. The recent announcement by the US SEC that Proof-of-Work mining rewards are not securities could boost BTC investors' confidence.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.