Aerodrome has surpassed $1 billion in deposits, dominating DeFi activity on Base, a Layer 2 Ethereum network developed by Coinbase. As the largest decentralized exchange on Base, Aerodrome now accounts for over 50% of the network’s total value locked (TVL), which has surged to $2 billion. Launched by the Velodrome Finance team in September 2023, Aerodrome’s on-chain swap volume reached $9.02 billion last month, rivaling major platforms like Solana's Orca and Raydium.