The Base network, a layer 2 solution on Ethereum, is experiencing significant growth in its DeFi ecosystem. Morpho has rapidly become the 6th largest DeFi protocol on Base within just three weeks, offering low borrowing rates for various assets. Aerodrome has surpassed Uniswap in trading volume for the WETH/USDC pair on both the Ethereum Mainnet and Arbitrum combined. The total value locked (TVL) in DeFi on Ethereum and Arbitrum stands at $58 billion, while Base has reached $1.4 billion. Notable protocols on Base include Aerodrome, Uniswap, ExtraFi, Moonwell, Aave, Overnight.fi, Morpho, Compound, and Cygnus. Base has also become the most active layer 2 network with 2.3 million distinct weekly active addresses, surpassing Arbitrum and Linea. Additionally, Toros Finance is offering 15% on USDC deposits plus OP incentives, although there are some liquidity constraints. Builders on Base are being rewarded with 20 ETH distributed weekly.