If you've been keeping an eye on the DeFi scene, you might have caught Token Terminal's recent tweet highlighting some exciting growth for Moonwell on Base. Daily Active Users (DAUs) for the protocol have skyrocketed by about 210% over the past year. That's not just a blip—it's a sign of real momentum in the blockchain world.

What is Moonwell Anyway?

For those new to this, Moonwell is a decentralized lending and borrowing protocol built on chains like Base, Moonbeam, and Moonriver. Think of it as a crypto version of a bank where you can lend out your assets to earn interest or borrow against them without dealing with traditional finance headaches. It's inspired by protocols like Compound, but with a focus on user-friendly features and low fees. You can check out their site here for more details.

Base, by the way, is Coinbase's Ethereum Layer 2 network, known for its super-low transaction costs and speedy operations. It's become a hotspot for everything from DeFi apps to meme tokens, making it a perfect home for something like Moonwell.

Breaking Down the 210% DAU Jump

DAUs measure how many unique users interact with the protocol each day—basically, it's a pulse check on engagement. According to the chart from Token Terminal, Moonwell's numbers on Base have climbed from around 1K to over 4K daily users in just a year. That's massive!

But why the surge? From what we've seen in recent reports, like Moonwell's Q3 2025 update, the protocol's total value locked (TVL) jumped 29% to $170 million, with average supply on Base hitting $340.4 million—up 15.5% from the previous quarter. This growth ties into broader trends on Base, where cheap gas fees have attracted a wave of users, including those trading meme coins.

Adding new assets, such as EURC (a euro-stablecoin), has also boosted interactions. Governance proposals and revenue streams have been ramping up, with over $11 million in fees generated on Base in the last year alone. These fees go back to lenders and the protocol, creating a virtuous cycle that draws in more participants.

How This Ties into Meme Tokens

At Meme Insider, we're all about the wild world of meme tokens, and this Moonwell growth has some juicy implications. Base has exploded as a meme haven—think tokens like Brett or Toshi that thrive on community hype and quick trades. But memes need liquidity to survive, and that's where DeFi protocols like Moonwell come in.

With more users lending and borrowing on Moonwell, there's increased capital flowing through the ecosystem. Traders can borrow assets to leverage their meme positions, or lenders can earn yields on stablecoins while the meme market buzzes. It's like the DeFi backbone supporting the fun, volatile side of crypto. If Base keeps growing, expect even more crossover between serious lending and meme mania.

What's Next for Moonwell and Base?

This 210% DAU boost isn't happening in a vacuum. The entire Base ecosystem is on fire, with apps and tokens drawing in retail users who want cheap, fast blockchain experiences. For Moonwell, it means potential for more integrations, like new collateral types or partnerships that could push adoption further.

If you're a blockchain practitioner or just dipping your toes into DeFi, keeping tabs on protocols like Moonwell can give you an edge. It's a reminder that user growth often signals bigger things ahead—maybe even the next bull run for related tokens like WELL.

Stay tuned to Meme Insider for more updates on how DeFi trends are shaping the meme token landscape. Got thoughts on this? Drop them in the comments!