Moonwell DeFi Sees Remarkable Growth on Base Network
Moonwell DeFi Sees Remarkable Growth on Base Network
🚀 Moonwell's Meteoric Rise
Moonwell DeFi, a lending platform on the Base network, has experienced significant growth in recent weeks. According to statistics shared by Gauntlet, Moonwell's active wallets have increased from 7,300 to 18,700 since January. The platform's total value locked (TVL) has risen from under $40 million to over $108 million during the same period. Fees paid to lenders on Moonwell now stand at $2.3 million per year, excluding rewards, while the protocol's revenue is at $485,000 per year. These figures highlight Moonwell's rapid adoption and the growing interest in decentralized finance (DeFi) on the Base network.
It's still early in our @Base liquidity journey, but @MoonwellDeFi has seen some remarkable growth in the last few weeks: - Active wallets up from 7.3K to 18.7K since Jan. - TVL from <$40m to >$108M since Jan. - Fees to lenders now @ $2.3M/year (not counting rewards) - Protocol
Moonwell's market size has now surpassed $200M! 🔥 In the past 30 days on @Base and @MoonbeamNetwork, we've seen an impressive ~19k unique active wallets, ~51k transactions, and around $230M in volume. Join us and experience lending made simple — 🌜 moonwell.fi 🌛
And it's live! The gas target has been increased by 50% (to 3.75 mgas/s), with plans to increase it further early next week One small step in a larger effort to reduce fees on Base
Since we rolled out 4844, we’ve seen a 5x increase in demand on @base, driving fees back up To reduce fees and scale, we’re increasing the gas target 50% (to 3.75 mgas/s) tomorrow and then to 5 mgas/s following an observation period, targeting early next week
Thanks to last week's Ethereum upgrade, transaction fees on @Base were significantly reduced. This led to the highest number of unique active wallets and transactions ever on Moonwell! Lower fees are essential to bringing the world onchain 🌜🌐🌛
We're excited to share that Moonwell on @Base has reached a new milestone — $70M in Total Value Locked! 🌜🔵🌛 Thank you to the community for your steadfast support. Together, we're advancing onchain finance and creating a more inclusive global economy!
The Dencun upgrade is now live! A big thank you to the @Base and @OPLabsPBC teams for their incredible work in scaling Ethereum. At 0:00 UTC, expect to see significantly reduced fees on Base 🔵 Lending and borrowing on Moonwell is about to become more affordable than ever! 🌜🌛
blobs are live on ethereum! @base and the superchain will upgrade to leverage them at 00:00:01 UTC tomorrow / 5p PST today two years of hard work alongside thousands of other contributors around the world - about to pay off!
And just like that, $100M in Total Value Locked on @Base! Thank you to the community for your continued support. This milestone wouldn't have been possible without you. 🌜🔵🌛
🌜🔵🌛 @Base season is here! Moonwell has now reached $90M in Total Value Locked! A big thank you to everyone who has tried Moonwell in recent weeks. We're incredibly grateful for the support as we work toward simplifying DeFi and promoting financial inclusion worldwide.
Moonwell is lending made simple. We're committed to streamlining onchain finance, empowering both beginners and seasoned experts alike to do more with their crypto. Join us today at moonwell.fi 🌜🌛
Smart wallets are coming to @Base! - Create a wallet with a secure passkey on your mobile device (no seed phrases) - Use your favorite apps like @MoonwellDeFi and @aerodromefi with biometric signing (FaceID) - Bundlers process tx more efficiently - Paymasters pay tx fees 🌜🔵🌛
🌜🌛 New rewards are now live on Moonwell's USDC market! The Moonwell community is committed to promoting the adoption of @Circle's USDC on @Base. In collaboration with @Gauntlet_xyz, 50,000 USDC have been made available to those supplying this popular stablecoin on Moonwell.
Moonwell Featured in Times Square for Builders Day
Moonwell achieved a significant milestone with a feature on Times Square's iconic billboards during Builders Day. The event celebrates innovators in the onchain economy. Moonwell joins other notable builders in showcasing their vision for accessible onchain finance. The platform aims to simplify digital finance and expand access to the global onchain economy. - Featured on Times Square billboard - Celebrated alongside other onchain innovators - Focus on accessible financial solutions - Working toward inclusive digital economy
Moonwell Launches Send Earn: A New USDC Yield Product on Base
Moonwell has launched Send Earn, a new yield-generating product built on Base network. The service leverages Moonwell's Flagship USDC Vault to offer: - Instant access to USDC yields - Zero lockup periods - No transaction fees - Immediate withdrawals The platform integrates with Moonwell Virtual Accounts, allowing users to receive payments from US-based entities and automatically earn rewards through Coinbase Wallet or direct deposits into the USDC vault. *Key Features*: - Seamless integration with existing Moonwell infrastructure - Compatible with Coinbase Wallet - Automated yield generation - US payment support
Moonwell Reports 20% Growth in Active Loans, Launches Analytics Dashboard
Moonwell has experienced significant growth with a 20% increase in active loans. The protocol has launched a custom analytics dashboard on Token Terminal to help users track key performance metrics. Key Features of the Dashboard: - Total deposits monitoring - Active loans tracking - Fee analysis - Revenue insights The dashboard is accessible through: - Top navigation bar in Moonwell app - Direct link: [Token Terminal Dashboard](https://tokenterminal.com/explorer/studio/dashboards/e713fb3f-c10b-45ed-93d4-4e48779dd849) This development follows recent protocol improvements including Core Markets expansion, Vault launches, and Moonwell Card integration.
Moonwell Implements API3's OEV-enabled Data Feed for GLMR Core Market
Moonwell has expanded its OEV (Oracle Extractable Value) implementation by integrating API3's OEV-enabled data feed for the GLMR Core Market on Moonbeam Network. This strategic update follows Moonwell's successful rollout of OEV across 15 markets on Base and Optimism Mainnet. Key updates: - First lending protocol to implement onchain OEV auctions - New integration with API3's data feed on Moonbeam - Enhanced revenue generation capabilities - Improved capital efficiency across markets The expansion demonstrates Moonwell's commitment to optimizing protocol revenue streams while maintaining robust market operations.
Moonwell Expands OEV Implementation for Enhanced Revenue Generation
Moonwell has successfully expanded its Oracle Extracted Value (OEV) implementation across multiple markets: - First lending protocol to implement onchain OEV auctions - Expansion to 15 new markets on Base and Optimism Mainnet - Captures value traditionally lost to L2 sequencers during liquidations - Creates new revenue stream while improving capital efficiency The protocol's OEV mechanism represents a significant advancement in DeFi infrastructure, allowing for more efficient value capture and distribution within the ecosystem. [Read the full proposal](https://moonwell.fi/governance/proposal/moonbeam?id=161)