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:

1. Wrapped staked Ethereum ($weETH)
2. Native Ethereum ($ETH)
3. 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:

1. Ethereum ($48.9B)
2. Arbitrum ($1.8B)
3. Avalanche ($1.2B)
4. 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.