Posted 9/23/2023, 2:30:16 AM

Base Protocol Overtakes Solana in TVL as Friend.tech and Aerodrome Drive Growth

Base's TVL has surged to $397M, surpassing Solana's TVL of $359M. Solana's TVL decreased 10% in the past month.
Base's growth driven by Aerodrome Finance and Friend.tech. Aerodrome's TVL reached $200M but decreased 51% since.
Friend.tech's TVL increased 540% in the past month after launching in August.
Base hit all-time high of 1.88M daily transactions on Sept 14, ahead of Optimism and Arbitrum.
Base's growth fueled by multi-network DeFi platforms like Compound, Curve and Uniswap.

cointelegraph.com

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10/2/2023

Solana Defi Apps Drive TVL to 2023 High Despite Lingering FTX Concerns

Solana's total value locked (TVL) has reached $338.82 million, its highest since the start of the year, driven by popular projects and a surge in the native SOL token, but concerns arise about the possible effect on SOL's price after the approval of FTX estate to sell its crypto holdings.