In a significant development, Base, a Layer 2 Ethereum network incubated at Coinbase, has experienced a remarkable surge in total value locked (TVL), reaching nearly $1 billion. This substantial increase represents a doubling of the network's deposits since the beginning of March, when the TVL stood at $470 million. Notably, nearly half of Base's TVL is attributed to Aerodrome, contributing $424 million to the network's total value locked.