The lending and borrowing protocol MoonwellDeFi has achieved significant growth on the Base platform, with total active loans surpassing $197 million and deposits reaching $324 million. The protocol is primarily supported by Ethereum (ETH) with $107 million in loans and USD Coin (USDC) with $67 million. MoonwellDeFi is currently generating more fees than leading competitors Aave and MorphoLabs. In October, Base experienced a surge in USDC volume, increasing from over $250 billion in September to more than $450 billion. Additionally, Moonwell reported approximately $800,000 in fees and $185,000 in revenue across Base and Optimism for the month. Starknet has also reached notable milestones, achieving a peak transaction rate of 857 transactions per second (TPS) and maintaining 127 TPS throughout the day, marking it as the top Layer 2 solution in this metric. The Base platform has seen all-time highs in total value locked (TVL), transaction count, decentralized exchange trading volume, stablecoin market cap, and daily active addresses, indicating rapid onboarding of users to on-chain finance.