BASE Network TVL Surpasses $40 Billion with Nearly 3% 24-Hour Growth

BASE Network TVL Rises to $4.087 Billion

According to the latest figures from DefiLlama, the total value locked (TVL) on BASE Network has now reached $4.087 billion, marking a 2.27% increase over the past 24 hours. This growth highlights the network's expanding footprint in the decentralized finance (DeFi) space.

Performance of Top Protocols on BASE

The top three protocols by TVL on the BASE network are currently:

• Morpho: TVL stands at $2.076 billion, though it has experienced a 3.99% decline over the last 7 days.
• Aave: TVL is at $793 million, with only a minor 0.73% drop over the past week, showing relative stability.
• Steakhouse Financial: TVL amounts to $767 million, but it has seen a more significant 7.19% decrease in the last 7 days.

Despite some short-term declines among key protocols, the overall upward trend in BASE's TVL indicates strong market confidence in its infrastructure and ecosystem development.