The DeFi sector is witnessing significant growth, with Pendle and Base leading the charge in total value locked (TVL). Pendle's TVL has soared to $4.6 billion, marking a monumental increase from $127M, and its market cap has crossed $1.3 billion. This surge has positioned Pendle as the 9th biggest DeFi protocol by TVL, with its token value up by approximately 600%. Concurrently, Base, a layer 2 network associated with Ethereum, has also reached a TVL of $4 billion. This growth is attributed to a spike in daily transactions, surpassing those of Ethereum and Arbitrum over 30 days, making Base the third-largest layer 2 network. The rise in Base's activity, which handles more than 3 million daily transactions with significantly low fees, is partly due to the absence of its own token and the use of ETH for transaction fees.