Alien Base, a trading hub on the Base network, saw its total value locked (TVL) more than double in the past week. The value of all deposits in its pools has broken above the $24 million mark, reaching the highest level since August 2023, when it peaked at over $28 million, according to data from DefiLlama.
With this rapid growth, Alien has joined the top 20 largest dapps on Base, which now has a record TVL of $3.24 billion. Notably, the Base network’s overall TVL nearly doubled in the past month, as shown below.
Alien Base has been building the Base trading hub for trading tokens, including meme coins, on-chain. The platform offers aggregated liquidity, limit orders, yield farming and more.
Alien has two active dapp versions, v2 and v3. The TVL on v2 has increased to nearly $14 million, touching the highest level since September 2023.
The more recent v3 has a record $10.9 million in TVL after surging by over 100% within a month, becoming the go-to Alien DEX app.
Tokens with the largest deposits on v3 include USDC, WETH, EURC, USDBC, and ALB – Alien Base’s native token.
USDC and WETH each account for roughly one-third of the total value deposited on v3. Their share has expanded during the last few days as Alien experienced record inflows at the end of October.
Meanwhile, on October 30, trading volume on Alien Base reached its second-highest day on record, processing over $5.5 million in trades. October is also the platform’s best month on record in terms of monthly volume.
Unlike Aerodrome or BaseSwap, which are dominated by Base meme coins, Alien Base focuses very much on stablecoins and its native token. The most traded pairs on the platform include EURC/USDC, ALB/WETH on both app versions, WETH/USDC, and ALB/USDbC.
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