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Expanding Alien Base Decentralized Exchange (DEX) on its platform, driven by a record $11 million Total Value Locked (TVL) in the third version

Expanded Alien Base Decentralized Finance (DEX) on the Base Network experiences a significant surge, reaching over $24 million in Total Locked Value (TVL), propelled by a staggering $11 million during its v3 update.

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Expansion of Alien Base DEX on its v3 version due to a record $11 million Total Value Locked
Expansion of Alien Base DEX on its v3 version due to a record $11 million Total Value Locked

Expanding Alien Base Decentralized Exchange (DEX) on its platform, driven by a record $11 million Total Value Locked (TVL) in the third version

In the dynamic world of decentralised finance (DeFi), one project has been making waves on the Base network, a Layer 2 Ethereum blockchain developed by Coinbase. Known as Alien Base, this platform has seen significant growth, particularly in the past month.

Alien Base Joins Top 20 Largest dApps on Base

Alien Base has now joined the ranks of the top 20 largest decentralised applications (dApps) on the Base network. With a total value locked (TVL) of over $3.24 billion, the network is currently experiencing a record high. Alien Base, a trading hub on the Base network, has played a notable role in this growth.

TVL on Alien Base V2 and V3

The TVL on Alien Base's v2 version has seen a notable increase, reaching nearly $14 million. Meanwhile, the more recent v3 version of Alien Base has surged by over 100% within a month, with its TVL now standing at a record $10.9 million.

Growth of Alien Base

October 2023 has been a standout month for Alien Base, with its total value locked more than doubling in the past week. This growth has been consistent, with the trading volume on Alien Base remaining high. The platform's two highest volume days on record occurred in October, with over $5.5 million in trades on October 30, marking its second-highest trading volume on record.

The most traded pairs on Alien Base include EURC/USDC, ALB/WETH, WETH/USDC, and ALB/USDbC. These popular pairs reflect the platform's focus on stablecoins and its native token, ALB.

No Dominance of Meme Coins on Alien Base V3

Unlike some other projects on the Base network, Alien Base v3 has not been dominated by meme coins. Instead, it offers aggregated liquidity, limit orders, yield farming, and more, creating a diverse trading environment.

The Future of Alien Base

With its focus on stablecoins and its native token, Alien Base has found success in the DeFi space. As the Base network's overall TVL continues to grow, reaching nearly double in the past month, the future looks promising for Alien Base.

For up-to-date and precise statistics on the top 20 dApps by TVL on the Base network, as well as Alien Base's growth metrics and TVL breakdown across its v2 and v3 versions, we recommend consulting dedicated blockchain analytics platforms like DappRadar, DeFiLlama, or directly Base’s ecosystem explorers. These platforms provide detailed information that is not readily available elsewhere.

[1] Source: Base Network Official Website

  1. Given the record high total value locked (TVL) on the Base network, it's not surprising that Alien Base, a top 20 largest dApp, boasts the 'best' performance among decentralised applications.
  2. In the DeFi landscape, Alien Base, declared as the 'news' of the hour, has shown remarkable growth in the past month, with over 100% surge in TVL on its v3 version.

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