- Aerodrome Finance Contributed $1B on Base, which is 50% of the current TVL
- Aerodrome Finance is the largest DEX by TVL and aligned with DEXs on Solana such as Orca and Raydium
Aerodrome Finance, contributing $1B to Base’s TVL, has become a major growth driver for the Base network, significantly solidifying its position.
While Aerodrome’s TVL growth aligns with DEXs on Solana, such as Orca and Raydium, each showing similar volumes of $9 to $10 billion, it still lags behind larger players like Uniswap and PancakeSwap.
Details of Aerodrome Finance Deposit and Position in the DeFi Ecosystem
Aerodrome Finance is a fork of Velodrome Finance based on OP Mainnet, which the team launched just a year ago in September 2023. Already by October 2024, we see $1B in TVL, and this is very rapid growth, showing great demand and investor interest.
At the same time, the total TVL of the Base reached $2B, and it’s clear that the Aerodrome played a significant role in achieving this.
This has allowed Aerodrome to take a significant position relative to many other DEXs, especially in the context of TVL and beyond.
For example, Aerodrome is on par with DEXs on Solana such as Orca and Raydium with volumes in the $9 to $10 billion range.
However, it still has areas for growth while lagging behind Uniswap on Ethereum and PancakeSwap on BNB Chain.
Conclusion
A five-fold increase in TVL within a year, and a $1B deposit, is indeed a very bright indicator that gives Aerodrome Finance a prominent place among the leaders of DeFi protocols.
It is worth keeping a close eye on how dynamic the growth of one of the leaders among DeFi L2 protocols will remain.
