Aerodrome Finance Tops $1 Billion in Deposits, Leading DeFi on Coinbase's Base with $2 Billion TVL

Oct 3, 2024, 10:08 AM

Aerodrome Finance has emerged as the leading decentralized finance (DeFi) platform on Base, a Layer 2 Ethereum network nurtured by Coinbase. Launched last September as a fork of Velodrome Finance, Aerodrome has amassed over $1 billion in deposits, which constitutes more than half of Base's total value locked (TVL) of $2 billion. This achievement positions Aerodrome ahead of other major decentralized exchanges like Uniswap in terms of TVL. Aerodrome is also recognized as the top on-chain platform for trading $ETH and $BTC.