Ini Abasi
@iamini
🚀With 1.22 million active addresses, $4 billion in stablecoins & $3 billion in TVL, #DeFi on @base os not bearish! But How do you track the real opportunities? Where's the liquidity flowing to? Let's explore some DeFi data on Base—the tools, key metrics, and alpha you NEED 🧵👇
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Ini Abasi
@iamini
@base, the @coinbase L2, has seen explosive growth in DeFi. Cheap transaction fees, fast confirmations, and a growing dev ecosystem and community make it a hotspot for degens and builders alike. Total Value Locked? 📈Over $2.9 billion and grossing.
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Ini Abasi
@iamini
According to @defillama data, about 1.3 million active wallet addresses degen into 475 active #DeFi protocols on @base L2. The top 3 protocols: 📌 @aerodrome 📌 @morpho 📌 aave
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Ini Abasi
@iamini
Stablecoins aren’t just “boring” digital dollars—they’re the foundation of #DeFi They enable: ✅ Seamless trading (no need to exit to fiat) ✅ Yield farming & lending markets ✅ Cross-chain liquidity movement ✅ Payments & settlements But not all stablecoins are created equal👇
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Ini Abasi
@iamini
Right now, Base's stablecoin market cap is $4.092 billion and is dominated by: 🔹 $USDC by @circle – Coinbase’s go-to stablecoin ($3.76 billion) only $USDZ and $USDS come close. 🔹 By stablecoin ranking, @base ranks 5th behind @ethereum @trondao @solana and BNBchain.
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Ini Abasi
@iamini
To separate hype from real adoption, ensure to track these: 📊TVL Growth – Is liquidity stable or just wash trading? 📈Active Users – Are real users sticking around? 💰Revenue & Fees – Who’s making money? 🚰Liquidity Inflows/Outflows – Where is the capital going to?
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Ini Abasi
@iamini
💰 Who’s Making #Money on Base? -DeFi thrives on fees & revenue, and Base is no different. -But which protocols are generating REAL income? -And where are the best yield opportunities? Let’s explore fees, revenue, and profitability on Base.
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