Coinbase’s L2 platform Base has reached a new record of $2.13 billion in total funds locked (TVL), up 40% over the past month and 370% year-to-date.
Key factors driving this growth were decentralized exchange Aerodrome, which attracted over $1 billion in deposits, and Uniswap, which attracted $220 million. Base’s rapid growth shows the effectiveness of Coinbase’s marketing campaigns, such as «Onchain Summer,» which have driven strong user acquisition and activity in the DeFi space, where Base is a leader.