{"id":138473,"date":"2024-10-03T21:30:32","date_gmt":"2024-10-03T18:30:32","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138473"},"modified":"2024-10-03T13:55:26","modified_gmt":"2024-10-03T10:55:26","slug":"here-is-which-crypto-protocol-dominates-the-base-blockchain-right-now","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/here-is-which-crypto-protocol-dominates-the-base-blockchain-right-now\/","title":{"rendered":"Here is Which Crypto Protocol Dominates the Base Blockchain Right Now"},"content":{"rendered":"<p>Aerodrome, a decentralized exchange, is a major contributor to this growth, accounting for over $1 billion of Base&#8217;s TVL\u2014up from just $120 million in January. This makes Aerodrome responsible for more than half of all DeFi deposits on the network.<\/p>\n<p>Data from DeFiLlama highlights Aerodrome as the top decentralized exchange on Base, leading in TVL, transaction volume, and fees, outpacing prominent platforms like <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/uniswap\/\">Uniswap<\/a><\/strong> and <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/aave\/\">Aave<\/a><\/strong>.<\/p>\n<p>Across all chains, Aerodrome processed $9.02 billion in on-chain swap volume last month, competing with Solana&#8217;s DEXs like Orca and Raydium, which also reported similar volumes. However, it still falls short of the larger volumes seen by Uniswap on <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong> and PancakeSwap on <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bnb\/\">BNB<\/a><\/strong> Chain.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/ethereum-blockchain-retains-dominance-in-the-stablecoin-market\/\" title=\"Ethereum Blockchain Retains Dominance in the Stablecoin Market\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Blockchain-Producto-Estructurado-1024x629-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ethereum Blockchain Retains Dominance in the Stablecoin Market<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Launched as a fork of Velodrome Finance on Base in September 2023, Aerodrome has quickly become a key player in facilitating on-chain swaps.<\/p>\n<p>Its approach, similar to Velodrome&#8217;s on the OP Mainnet, combines DeFi incentives with a vote-escrowed governance model that allows users to stake AERO tokens for veAERO, granting them a share of protocol fees in relation to their voting power. Both exchanges leverage the ve(3,3) design from the Solidly protocol.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Layer 2 Ethereum network Base, incubated by Coinbase, has seen its total value locked (TVL) soar to $2 billion, marking a fivefold increase in user deposits since the beginning of the year.<\/p>\n","protected":false},"author":3,"featured_media":30306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-138473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Here is Which Crypto Protocol Dominates the Base Blockchain Right Now<\/title>\n<meta name=\"description\" content=\"The Layer 2 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