DeFi analytics platforms like DeFiLlama or Dune Analytics

Aerodrome Leads DeFi on Base with $1 Billion in Deposits, Record Weekly Trading Volume

Oct 4, 2024, 01:35 PM

Aerodrome has emerged as a leading force in the decentralized finance (DeFi) space on Base, a Layer 2 Ethereum network. Launched last September as a fork of Velodrome Finance, Aerodrome has amassed over $1 billion in deposits, accounting for more than half of Base's total value locked (TVL) of $2 billion. This significant achievement highlights Aerodrome's rapid growth and dominance in the DeFi sector, outshining major players like Uniswap. Additionally, Aerodrome has recorded an all-time high in weekly trading volume, further solidifying its position as a heavyweight in the DeFi ecosystem on Coinbase's L2 network, Base.