📰 Yello Paradisers! Here’s the Latest:
Coinbase’s layer 2 network, Base, has made headlines with its remarkable surge in Total Value Locked (TVL), reaching a whopping $397.32 million in just over a month since its August debut. This growth has catapulted Base ahead of the well-established Solana, which has a TVL of $358.96 million. Base’s TVL shot up by an impressive 97.21% in the last month, while Solana saw a 9.64% dip. Notably, Base’s growth persisted despite experiencing an outage earlier in September.
📰 Key Players in Base’s Ecosystem
Two native projects on Base have significantly contributed to its TVL. Aerodrome Finance, a decentralized exchange, leads with a TVL of $97.83 million. Following closely is Friend.tech, a decentralized social media app, with a TVL of $36.53 million.
Aerodrome Finance, which debuted on August 28, experienced a massive influx of $150 million in TVL on August 31 but saw a subsequent decline of about 51%. On the other hand, Friend.tech, which launched on August 11, witnessed a 540% surge in its TVL over the past month, driven by a spike in daily trading volume.
Other contributors to Base’s TVL include renowned DeFi platforms like Compound, Curve, and Uniswap.
📰 Transaction Volume Peaks
Base set a new record with its daily transactions, hitting 1.88 million on September 14. This achievement places Base ahead of competitors like Optimism and Arbitrum. Although the daily transactions have slightly decreased to around 908,000 as of September 22, Base’s all-time high remains intact.
📰 Wrapping Up
Base’s rapid ascent in the DeFi landscape showcases its potential to rival established networks like Solana. With innovative projects and a robust ecosystem, Base is poised for further growth. Stay tuned, Paradisers, as we keep you updated on the ever-evolving world of DeFi!
Paradisers! In the dynamic world of crypto, information is power. But what if you could have more than just information?
1️⃣🔍 Digest: Time is precious. Get the day’s pivotal events, distilled to perfection. No noise, just essence.
2️⃣🧠 Expert: Ever wondered about the ‘why’ behind the news? Our ParadiseTeam experts decode the intricacies for you, giving you an edge.
3️⃣🔐 Exclusive: Step into the realm of elite insights. Content that’s not just informative, but transformative.
Why be a spectator when you can lead the charge? With MCP🗞️NEWS PRIVATE channels, you’re not just informed; you’re ahead.
👉👉CLICK HERE (https://t.me/MCP_Newsbot) to find out more about what you will get, UNLOCK the PRIVATE sections, and embark on a crypto journey like no other!
Your News, Your Success🌴
🌐MyCryptoParadise
