Moonwell Reaches $150M in Total Value Locked on Base
Moonwell Reaches $150M in Total Value Locked on Base
🚀 New Milestone Reached!
Moonwell, a decentralized application (dapp) on the Base blockchain, has achieved a significant milestone by reaching $150 million in Total Value Locked (TVL). This accomplishment comes after Moonwell became one of the top dapps on Coinbase Wallet, alongside Aerodrome Finance. The reduced transaction fees on Base following the Dencun upgrade have contributed to a surge in new users and increased on-chain activity for Moonwell. The project prioritizes security, with all smart contracts undergoing comprehensive audits from Halborn Security and a bug bounty program powered by ImmuneFI.
Thanks to the reduced transaction fees on @Base following last month's Dencun upgrade, Moonwell has seen a surge in new users and is now witnessing more onchain activity than ever before. We're thrilled to see more of you join our community! 🌜❤️🌛
Over 76K unique users and the highest user activity this week @MoonwellDeFi is $well on @base
Moonwell has reached a new milestone — $150M in Total Value Locked on @Base! 🔵 Whether you've been with us since the beginning or recently joined our community, thank you for the support! 🌜💙🌛
Moonwell is now one of the top dapps in @CoinbaseWallet, right alongside our friends @Aerodromefi ✈️ There has never been a better time to get started on @Base 🌜🔵🌛
Moonwell Contributor Luke Youngblood Featured on Nasdaq Trade Talks
Moonwell contributor Luke Youngblood is scheduled to appear on Nasdaq's Trade Talks program in August 2025. This follows his recent participation in Messari's Q3 2024 Roundtable alongside Moonbeam Network Foundation members, where he discussed Moonwell's mission to simplify onchain accessibility. Watch the upcoming Nasdaq broadcast: [Trade Talks Live Stream](https://x.com/i/broadcasts/1kvJpyMBjyPxE)
Moonwell Launches USDC Vault with Multiple Reward Streams on OP Mainnet
Moonwell has expanded its USDC Vault offering to Optimism Mainnet, following its successful launch on Base. The vault offers multiple revenue streams: - WELL token rewards - OP token rewards - Borrower fees from Morpho Isolated Markets This expansion is part of Moonwell's growing presence on the Superchain, supported by an @OptimismGov grant to @MorphoLabs. Users can now deposit USDC to earn multiple yield streams through the integrated Moonwell application. [Explore the vault](https://moonwell.fi/vaults/deposit/base/mwusdc)
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)
Chainlink Deploys WELL-USD Price Feed on Base and Optimism
Chainlink has expanded its price feed offerings with the launch of WELL-USD on Base and Optimism networks. This development builds on Moonwell's existing integration of Chainlink Price Feeds across multiple networks including Base, Moonbeam, and Moonriver. - New WELL-USD price feed provides reliable token pricing - Implementation enables expanded use cases on both networks - Continues Chainlink's role as industry standard for price feeds The integration reinforces Moonwell's commitment to market reliability and accurate pricing across its supported networks.