Base, the Ethereum Layer-2 network ignited by Coinbase, reportedly joins the elite group of blockchain networks with over $1 billion in Total Value Locked (TVL) on Aave. As per the details, the platform joins the ranks of Ethereum, Arbitrum, and Avalanche in the elite $1B+ category of Aave.
Through this strategic milestone, Base aims to cement its rapid rise in the DeFi landscape while developing strong investor trust in its ecosystem and infrastructure. CryptoRank.io, a platform for crypto analytics and ranking, witnesses this news through its official X account.
Base to Boost DeFi Surge by Mixing its Assets
The wrapped staked Ethereum ($weETH) is one of the assets that ignites Base’s growth on Aave. Other assets include native Ethereum ($ETH) and tokenized Bitcoin of Coinbase ($cbBTC). By getting support through these assets, Base aims to trigger a spike in user participation and liquidity inflows.
This incentive strives to empower Base in the sector of decentralized finance. The platform leverages scalability, low gas fees, and direct Coinbase participation to become a renowned platform, benefiting DeFi developers and everyday users.
Base Ignites Revolution as a Major DeFi Contender
Ethereum is still on top, securing $48.9 billion TVL on Aave, while Base is strengthening its position by gaining ground. At the time, Base Ranks at fourth position after Arbitrum and Avalanche. It is becoming a prime asset for upcoming DeFi projects through its brilliant transaction capabilities and asset diversity.
Base aims to attract developer and institutional interest, solidifying its position to become a central hub for the next level of decentralized finance.
