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Maycry'z Nation ๐
@dibakar69
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How is liquidity flowing on @base?
In which protocols/category are assets being used/locked?
We analysed some of the ERC20 tokens with higher onchain market cap on Base to understand this (WETH, USDC, wstETH, cbBTC, cbETH, EURC, AERO, DEGEN).
WETH with ~$ 590M of onchain market cap, has ~65% of supply on DEXs and 16% on Lending protocols.
The majority of the supply is on LPs on Aerodrome (46%) and on
Uniswap (15%). And on the Lending protocols it's split between Morpho (5,1%), Moonwell (4,1%) and Aave (2,3%).
wstETH with ~$100M in onchain market cap on Base has most of the supply on lending protocols (65% split between Morpho, Aave and Moonwell) with only 17% on DEXs.
Check other assets on the Dune dashboard https://dune.com/sealaunch/base-major-assets 0 reply
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