Coinbase’s Base network has officially entered the big leagues, surpassing $1 billion in Total Value Locked (TVL) on Aave. This milestone places Base alongside heavyweights like Ethereum, Arbitrum, and Avalanche in Aave’s exclusive billion-dollar club.
What’s Driving Base’s Growth?
Three key assets are fueling Base’s Aave dominance:
- Wrapped staked Ethereum ($weETH)
- Native Ethereum ($ETH)
- Coinbase’s tokenized Bitcoin ($cbBTC)
These assets create a powerful mix that attracts both liquidity providers and yield seekers to Base’s ecosystem.
Why DeFi Users Are Flocking to Base
The network offers compelling advantages:
- Ultra-low gas fees (fractions of Ethereum mainnet costs)
- Blazing-fast transactions (thanks to Layer-2 scaling)
- Direct Coinbase integration (easy fiat on-ramps)
- Growing asset diversity (appealing to institutional players)
The Current DeFi Landscape
While Ethereum still dominates with $48.9 billion TVL on Aave, Base is quickly climbing the ranks:
- Ethereum ($48.9B)
- Arbitrum ($1.8B)
- Avalanche ($1.2B)
- Base ($1B+)
What This Means for DeFi’s Future
Base’s rapid rise signals:
✅ Strong institutional interest in Layer-2 solutions
✅ Growing trust in Coinbase-backed infrastructure
✅ More competition driving innovation across DeFi
As CryptoRank.io noted, this milestone cements Base’s position as a serious contender in decentralized finance.
