crypto

Title: Key factors fueling Base’s Growth  in 2024. 

Introduction: Base, Coinbase’s Layer 2 solution built on the Optimism stack, has witnessed explosive growth, positioning itself as one of the leading Layer 2 (L2) networks. With a unique strategic advantage and optimized performance, Base has attracted significant attention from both builders and investors. In this blog, we will analyze key metrics driving Base’s rise.

2.3. Aerodrome – An innovation DEX

Aerodrome, native DEX on Base, introduces innovation through its Slipstream concentrated liquidity pools, offering higher rewards and capital efficiency for liquidity providers (LPs). This mechanism ensures that LPs can focus their liquidity within specific price ranges, optimizing their returns.

Impressive number since the launch of Slipstream on Apr 25 (epoch 35):

Aerodrome captures over 80% of the trading volume on Base, and 85% of the volume flows through capital efficient Slipstream pools.