Base layer-2 network reaches $5.7B in DeFi total value locked, setting a new all-time high.
Macro & Markets ·
Base, a layer-2 network, achieved a new all-time high of $5.7 billion in decentralized finance total value locked. The milestone reflects continued growth in the ecosystem's adoption and capital deployment across lending, trading, and other on-chain protocols.
The figure represents the cumulative value of assets deposited into DeFi applications built on Base. This metric is commonly used to gauge network health and user confidence, as it measures both the volume of capital actively participating in decentralized services and the breadth of applications attracting liquidity.
What remains unclear is whether the surge reflects primarily new capital inflow into Base-specific applications, migration from competing layer-2 networks, or renewed activity within existing positions. Additionally, the sustainability of this peak and its relationship to broader market conditions requires continued monitoring.