Base network Total Value Locked (TVL) has recorded an epic surge over the past week, with the Coinbase incubator program drawing in developers who wan
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.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.
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. Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues.
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