A year ago, the value of assets locked in Solana DeFi was $11.0 billion, compared with $4.75 billion on Base. Today, each stands at around $6.25 billion, according to DefiLlama. Solana is down 43% over the year, while Base is up 32%.
By our calculations, the gap between them was $6.2 billion. Solana’s decline helped narrow it by $4.7 billion, or about 76%. Base’s growth accounted for the remaining $1.5 billion reduction.
Price explains much of Solana’s position. SOL closed near $178 on October 11 last year, and now trades at around $112, down 37%. Base, by contrast, grew while ETH fell from around $3,750 to $2,537 over the same period.
The gap is small enough to change from one day to the next. DefiLlama’s daily reading on October 11 showed Base ahead by less than $1 million. Live figures, however, showed Solana ahead by around $14 million at 02:49 UTC+8. Before that October 11 reading, the last time Base had surpassed Solana was on October 11, 2023—exactly three years earlier—when the value of assets locked on each was around $0.3 billion.
Base has largely caught up with Solana because Solana fell until Base reached it.
$SOL $ETH
#Solana #Base
By our calculations, the gap between them was $6.2 billion. Solana’s decline helped narrow it by $4.7 billion, or about 76%. Base’s growth accounted for the remaining $1.5 billion reduction.
Price explains much of Solana’s position. SOL closed near $178 on October 11 last year, and now trades at around $112, down 37%. Base, by contrast, grew while ETH fell from around $3,750 to $2,537 over the same period.
The gap is small enough to change from one day to the next. DefiLlama’s daily reading on October 11 showed Base ahead by less than $1 million. Live figures, however, showed Solana ahead by around $14 million at 02:49 UTC+8. Before that October 11 reading, the last time Base had surpassed Solana was on October 11, 2023—exactly three years earlier—when the value of assets locked on each was around $0.3 billion.
Base has largely caught up with Solana because Solana fell until Base reached it.
$SOL $ETH
#Solana #Base