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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. 

Base TVL surges to $2B as DeFi market recovery drives user growth

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.

Revolut and Robinhood consider stablecoin launch to challenge Tether’s dominance

Solana processes 3,000% more transactions than Ethereum and has 1,300% more daily active users. 

Is Solana closing in on Ethereum? New report highlights growth potential