A major factor driving Base’s growth has been the decentralised exchange (DEX) Aerodrome, which holds over $1 billion of the total value locked on Base.
The entry of more companies into the stablecoin market is adding to the competition, especially against Tether ($USDT), which is currently the largest stablecoin on the market.
Solana processes 3,000% more transactions than Ethereum and has 1,300% more daily active users.