Base has laid out an aggressive roadmap to reach $100 billion in total value locked (TVL) by integrating tokenized equities into its DeFi ecosystem. The network currently holds about $5 billion in DeFi TVL using crypto assets, and Base contributor Jesse outlined staged targets of $10 billion and $20 billion before the larger goal.
Since launching tokenized stocks on August 24, Base has recorded $94.6 million in cumulative trading volume, according to Token Terminal data. The available assets are NVDAc, GOOGLc, AAPLc and METAc, with NVDAc leading at $53.7 million, GOOGLc at $17.1 million, AAPLc at $12.9 million and METAc at $10.9 million. Daily volume stayed nearly flat until launch, then surged abruptly and peaked near $30 million around August 27, reflecting a jump of 38,698.9% from zero.
The stocks are structured as 1:1 claims on real shares of Nvidia, Alphabet, Apple and Meta, held by regulated custodians in a bankruptcy-remote setup independent of Coinbase’s balance sheet. Pricing relies on Chainlink oracle infrastructure, and the tokens can be used as collateral in DeFi applications. Aerodrome, the highest-liquidity DEX on Base, serves as the official liquidity provider; its AERO token rose 11.6% in the 24 hours after launch. Tokenized equities still account for only 4% of total tokenized real-world assets, with U.S. Treasury bonds remaining the dominant segment.
