The world of decentralized finance (DeFi) continues to evolve with exciting collaborations and cultural expressions.
A recent Twitter post by [@DegenMVP](https://x.com/DegenMVP) highlights the dynamic ecosystem of **Base DeFi** and its integration with cultural and animal memes. [1](https://x.com/tokenterminal/status/1835800920237764942)  The collaboration includes **Aero** and **Well** in the DeFi sector, while cultural memes see partnerships like **Degen, Higher, and Based**. 

Animal memes are celebrated with characters such as **Toshi, Smiggles, and Mochi**. This demonstrates the playful yet strategic partnerships in the Base network, aiming to foster both community engagement and innovative financial solutions. 

In another related announcement, **Moonwell**, a prominent lending project on both Base and **Optimism**, enters a data partnership with [@tokenterminal](https://x.com/tokenterminal), a significant player in the blockchain data analytics space. [2](https://x.com/tokenterminal/status/1711315999914393600) This partnership underscores Moonwell's growth trajectory, having raised approximately $20 million in venture capital from crypto-native funds and building on its contributors' expertise from leading tech companies.

This blend of finance and culture, supported by substantial funding and data-driven strategies, highlights the versatility and expansion potential in the decentralized finance world. As these projects aim to refine the DeFi landscape, the integration of cultural elements like memes adds a novel layer to community building and user engagement.

Exploring the new Base DeFi partnerships and memes.

Base DeFi and Memes Collaboration Unveiled

RT @DegenMVP: Base DeFi: Aero x Well
Base Culture Memes: Degen x Higher x Based x Tybg
Base Animal Memes: Toshi x Smiggles x Mochi
Base Soc…

Token Terminal

Moonwell has made significant strides in the decentralized finance (DeFi) world by climbing to the position of the second-most active DeFi lending protocol globally. 
Over the past week, it has seen a remarkable increase in its activity, going up by 22%. According to a tweet from [@LukeYoungblood](https://x.com/LukeYoungblood), Moonwell is poised for a promising future as it gains momentum and attention within the DeFi sector. [1](https://x.com/tokenterminal/status/1874630787058004044) 

The announcement, which has garnered engagement and excitement from the community, indicates a growing interest and trust in Moonwell. The upward trend positions Moonwell as a leading player and sheds light on the competitive nature of the DeFi space, where innovation and user interest drive success. 
This newfound rank demonstrates Moonwell's capability to attract users and investors, further validating its platform and services.

The growth not only highlights the platform's technical advancements but also its strategic positioning in the rapidly evolving DeFi market. 
The encouraging news for Moonwell is reflected in the market's positive reception and the flow of interactions on social media. 
These developments might signal a bright and transformative year ahead for Moonwell and its community. 

As Moonwell continues to expand and enhance its offerings, it maintains robust competition in the DeFi sector, fostering advancements, adoption, and expansion of decentralized financial solutions. [2](https://x.com/SpaceX/status/1204315977720221696)
As the world of DeFi evolves, protocols like Moonwell lead the charge toward financial decentralization and innovation.

This rising prominence serves as a testament to the ongoing advancements in blockchain technology and the increasing influence of DeFi in reshaping the financial landscape.

Moonwell becomes the second most active DeFi lending platform.

Moonwell Rises in DeFi Lending Rankings

The decentralized finance (DeFi) platform **Aave** has achieved a remarkable milestone.
In 2024, its net deposits soared to an all-time high of **$33.4 billion**.
This figure surpasses the previous record set during the 2021 bull market. [1](https://x.com/WuBlockchain/status/1874628663737823514)

**Aave's success** can be attributed to the launch of **Aave v4** in 2024.
The new version introduced additional markets, diversifying its offerings significantly.
Among the new markets are **Sonic**, **Mantle**, **Linea**, **BOB**, **Spider Chain**, and **Aptos**.
These expansions have been instrumental in attracting more users and increasing deposits. [1](https://x.com/WuBlockchain/status/1874628663737823514)

These developments underline the **rising appeal** of DeFi lending protocols, as Aave continues to lead the industry.
The integration of diverse markets emphasizes Aave's commitment to innovation and scalability.
Investors and users are drawn to the lucrative possibilities within these expanding ecosystems.

Aave's net deposits hit a record $33.4 billion.

Aave's Record Net Deposits in 2024

The relatively new platform, **Euler**, is witnessing a surge in active user numbers, edging closer to prominent DeFi platforms like **Compound** and **Morpho**. According to [@tokenterminal](https://x.com/tokenterminal), weekly active user numbers on Euler have reached a significant milestone. [1](https://x.com/tokenterminal/status/1874607064074576027) 

Michael Bentley, also known as [@euler_mab](https://x.com/euler_mab), shared that Euler's weekly active users are already on par with Compound. This milestone highlights its rapid growth in the DeFi space, with user numbers reaching almost 20% of Morpho's and nearly 5% of Aave's user base. [1](https://x.com/tokenterminal/status/1874607064074576027)

Despite being just a few months old and having a considerably lower Total Value Locked (TVL) compared to these established platforms, Euler's swift rise in user engagement is noteworthy. Bentley expressed satisfaction with these metrics, indicating strong momentum in Euler's growth journey. [1](https://x.com/tokenterminal/status/1874607064074576027)

Euler's user numbers rival Compound and Morpho.

Base DeFi and Memes Collaboration Unveiled

Frequently Asked Questions

What is Base DeFi?

How do memes relate to DeFi projects?

What are some examples of animal memes used in the Base network?

What is Moonwell and its significance in the DeFi space?

What does the partnership between Moonwell and Token Terminal entail?