Base Overtakes Solana as Total Value Locked Approaches $400M

As by Challenge Lama data, Solana's TVL has decreases by 9.64% on THE pass month has sit has $358.96 million, while Basics TVL has jumped has $397.32 millions.

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THE total value locked (TVL) on Coinbase layer 2 network Base has jumped has $397.32 million In roughly A month And A half Since launch In August. That figure NOW places Base in front of THE Solana network In terms of TVL, which has $358.96 million has THE time of write.

THE pass 30 days to have has been significant For Base, with data Since Challenge Lama showing that THE of the network TVL increase by A huge 97.21% on THE pass month.

In comparison, Solana's TVL has decreases by 9.64% on that even time frame.

High ten Chains In terms of TVL. Source: Challenge Lama

Two Base-native projects account For THE the biggest actions of THE TVL on THE network.

Decentralized exchange (DEX) Aerodrome Finance takes THE high place with A TVL of $97.83 million, while decentralized social media (DéSo) application Ami.tech ranks second with A TVL of $36.53 millions.

Aerodrome was spear on August. 28 And he allow users has deposit liquidity has earn AERO tokens, among several other features. While he failed has to pull In A significant Rising of deposits on It is First of all couple of days, Aerodrome TVL skyrocketed on August. 31 with $150 million stack In on that day alone.

It is TVL went on has reach as high as $200 million on Seven. 2, However THE initial threshing appears has to have cooled Since SO, with THE TVL decreasing by roughly 51% Since It is It is pic.

Aerodrome TVL Since launch. Source: Challenge Lama

Ami.tech spear on August. 11 And THE platform allow users has tokenize their social networks via THE purchase And sale of “Keys.” Despite be pronounced as "dead" In late August due has