According to The Block, the total locked value (TVL) of Ethereum Layer2 network Base, incubated by Coinbase, has risen to nearly $1 billion on March 26th. Since the beginning of March, the network's deposits have doubled from $470 million. According to DeFiLlama, the TVL value of the network is $970 million. Decentralized exchange Aerodrome contributes nearly half of Base's TVL, with a TVL value of $424 million. With the increase in exchange user activity and the significant rise in the value of its native Aero token, Aerodrome's TVL has skyrocketed from $125 million in early February to over $420 million currently.