Expansion of Alien Base Decentralized Exchange on its platform, fueled by a record $11 million Total Value Locked on V3 version.
In the dynamic world of decentralised finance (DeFi), Alien Base, a trading hub on the Base network, has been making waves. Over the past week, Alien Base has seen its total value locked (TVL) more than double, reaching an impressive $24 million.
This surge has also propelled Alien Base into the top 20 largest dapps on Base, which currently boasts a record TVL of $3.24 billion. The platform, which focuses on trading tokens, including meme coins, on-chain, has been a significant contributor to this growth.
Alien Base operates two active dapp versions, v2 and v3. The more recent v3 has seen particularly remarkable growth, with a record $10.9 million in TVL after surging by over 100% within a month. Interestingly, USDC and WETH each account for approximately one-third of the total value deposited on Alien Base v3.
October has been a record-breaking month for Alien Base in terms of monthly trading volume. On October 30, Alien Base processed over $5.5 million in trades, marking its second-highest day on record.
The platform offers a range of features, including aggregated liquidity, limit orders, yield farming, and more. The most traded pairs on Alien Base include EURC/USDC, ALB/WETH on both app versions, WETH/USDC, and ALB/USDbC.
Tokens with the largest deposits on v3 include USDC, WETH, EURC, USDBC, and ALB - Alien Base's native token. The TVL on v2 has also increased, touching nearly $14 million, which is the highest level since September 2023.
It's worth noting that the current ranking of Alien Base on the Base network is not directly provided in the available search results. However, according to data from DefiLlama, this is the highest level since August 2023, when it peaked at over $28 million.
For those seeking precise up-to-date ranking and TVL metrics, specialized DeFi analytics platforms or the Base network's official dashboards would be the recommended sources.
- In the shadow of Alien Base's ongoing financial surge, the best news for investors this week is the platform's entry into the top 20 largest decentralized applications (dapps) on the Base network.
- As technology continues to revolutionize the finance sector, the latest technology advancements at Alien Base, such as the integration of aggregated liquidity, limit orders, and yield farming, contribute to making it one of the best performing decentralized finance (DeFi) projects in the market.
