The Base blockchain, an Ethereum-based layer-2 solution, has a total value locked (TVL) of $2.17 billion as of October 3, 2024. AERO and UNI are the top protocols on Base, with AERO controlling the majority of trading and UNI demonstrating the prevalence of automated liquidity. AAVE dominates the lending protocols category, while MORPHO and WELL focus on improving capital productivity and UX, respectively. EXTRA and BIFI lead in yield farming and aggregation, OVN enables borrowers to get loans against staked assets, OGN focuses on staking, and Anzen invests in real-world assets. Base is establishing itself as a critical player in the DeFi space.



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