# Coinbase's L2 Base Hits $2B TVL

*Author: David Christopher*
*Published: Sep 27, 2024*
*Source: https://www.bankless.com/de/coinbases-l2-base-hits-2b-tvl*

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Coinbase’s L2 Base has surpassed $2B in total value locked (TVL) for the first time as user growth continues to trend upward.

## What's the Scoop?
- **TVL Growth:** Base's total value locked reached $2.13B, [up ~40% over the month ](https://defillama.com/chains)and [370% year-to-date](https://www.theblock.co/post/318431/bases-total-value-locked-crosses-2-billion-for-the-first-time-amid-sustained-user-activity).
- **Key Contributors: **DEX Aerodrome, which continues to stand out as an [immense revenue generator](https://tokenterminal.com/terminal?v=OGY5ZTc0NDg3MDc4ZDE4NDlmNDQ0Yjkw), leads with over $1B in deposits, followed by Uniswap with $220M.

## Bankless Take:
Base’s rise to $2B in TVL continues to prove impressive, particularly considering its launch just over a year ago. The platform's rapid growth highlights the effectiveness of Coinbase’s marketing engine and growth campaigns like Onchain Summer in attracting significant DeFi *and* user activity, for which Base ranks number one, according to the Block. 

[![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXcUC3YBDthmhXgUnSwlGK-qALTfu_9a-okVQ548nYfQXwLslRIeK9xvSeSpw1CQNVsYM5rmc10XjrRxxBSzFILfoJWTv5Hu2988ZMp1wft3TAJvjPx1oDwi5H19lm1QEW0q4F2_ttVi-iZ6JX5_pQNdXr0?key=obVuDd-ixBvvVZxMO1n8Xg)](https://defillama.com/chain/Base?chainAssets=false&stables=false)