Top Projects on Base
- 1. Aerodrome Finance
- Aerodrome Finance, a decentralized exchange (DEX), is in the top position with a TVL of $97.83 million. It was launched on August 28 and allows users to deposit assets to earn AERO tokens and offers other features. While it didn’t attract many deposits in its first days, it saw a massive surge on August 31 with $150 million added in a single day. However, its TVL has since decreased by about 51% from its peak.
- 2. Friend.tech
- Friend.tech, a decentralized social media (DeSo) app, ranks second with a TVL of $36.53 million. Friend.tech, which launched on August 11, allows users to tokenize their social networks by buying and selling “Keys.” In late August, it faced criticism for declining user activity and high fees, but it made a remarkable comeback in September.
According to DeFi Llama, Friend.tech’s total value locked (TVL) increased by a staggering 540% in the past month. Most of this growth occurred after a surge that began on September 9, coinciding with a significant increase in daily trading volume.
Base’s Multi-Network DeFi Platforms
Further down the list, Base’s TVL is primarily attributed to multi-network DeFi platforms like Compound, Curve, and Uniswap.
Base achieved a new record in daily transactions, reaching 1.88 million on September 14, as reported by BaseScan. This number significantly surpassed competing chains like Optimism and Arbitrum, which together had nearly 880,000 transactions on the same day.
The all-time high for Base’s daily transactions still stands, but it has since dropped to around 908,000 as of September 22.
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