Base, a Layer 2 Ethereum network incubated at Coinbase, has seen its total value locked (TVL) nearly double since March, reaching $970 million. Aerodrome, a decentralized exchange, is a significant contributor, accounting for almost half of all Base's TVL with $424 million. The surge in Aerodrome's TVL is attributed to increased user activity and the spike in the value of its native Aero token.