Base, an ‘optimistic rollup’ solution on the Ethereum network, has seen a significant increase in locked asset value…. According to more than $600 million since the beginning of September, Aerodrome was the biggest contributor to this figure on Base.

Aerodrome, a decentralised exchange with many DeFi ecosystem features, has $1 billion in assets on it, accounting for half of Base’s TVL. Uniswap ranks second with $222 million, and Extra Finance ranks third with $138 million.

Arbitrum is the leader in ‘optimistic rollups’. Arbitrum TVL is around $2.6 billion.

Announced in February 2023, Base was launched in July 2023. Coinbase, the power behind Base, aims to bring decentralised finance (DeFi) applications to a wider user base in the crypto world thanks to this network.