Nearly half of the TVL on Base is attributed to decentralized exchange Aerodrome, which contributes over $420 million.
Base, a Layer 2 Ethereum network incubated at Coinbase, saw its total value locked surge to nearly $1 billion — doubling the network’s deposits since the start of March, which stood at $470 million.
The development team at Velodrome Finance introduced Aerodrome on Base as a forked version in September 2023.
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