Base On-Chain Assets Surpass Solana as Friend.tech, DeFi Activity Surge - Decrypt
Base is building an economic moat thanks to a resurgence in Friend.tech activity and the launch of new DeFi applications....
- Base has surpassed Solana to become the ninth-largest blockchain by total value locked (TVL), with $370.50 million in deposits.
- Base is the third-largest Ethereum layer-2 protocol in terms of value bridged, behind Arbitrum and Optimism.
- Base is the most active network compared to Ethereum and other layer-2 networks, with a daily average of 15.15 transactions per second (TPS).
- Friend.tech, a Web3 social media platform, has contributed to Base's growth, with increased activity and deposits.
- Popular Ethereum DeFi protocols like Compound Finance, Uniswap, and Stargate have expanded to Base, boosting DeFi deposits.
- Friend.tech has seen a surge in transactions and deposits, with over $130 million deposited since September 9.
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The article highlights the positive growth and activity of Base and Friend.tech, indicating a positive sentiment overall.
You May Ask
What is the current ranking of Base among all blockchains in terms of total value locked (TVL)?Which Ethereum layer-2 protocols are ahead of Base in terms of value bridged?What is the daily average transactions per second (TPS) of Base compared to Ethereum and other layer-2 networks?What factors have contributed to the recent spike in DeFi deposits on Base?How has Friend.tech contributed to the growth of Base, and what features does it offer to users?