Base Day on BanklessHQ

Kicking off today at 07:54 PM CEST, Base Day brings together Jesse Pollak from Base, Alexander from AerodromeFi, and Luke Youngblood from MoonwellDeFi for a BanklessTV session. The purpose? To unpack Moonwell’s user-friendly lending platform, explore new integrations, and answer community questions submitted via X. This event could spark renewed interest in Moonwell, especially as DeFi lending volumes have surged 300% since 2020 per a 2023 National Bureau of Economic Research study. For users, it’s a front-row seat to learn how these platforms are challenging traditional finance, though rapid adoption might bring short-term volatility.

Recent News

Moonwell has been on a roll. In May 2025, Tracxn reported the Finland-based project, founded in 2021, secured undisclosed funding from heavyweights like Coinbase and 3X Capital, boosting its credibility. Earlier this year, a February 2024 The Block article highlighted Moonwell enabling USDC lending across Ethereum, a move that expanded its reach. These milestones signal a project gaining traction, with Luke Youngblood’s ex-Coinbase experience adding weight to its leadership.

Future Plans

Moonwell isn’t slowing down. The team plans to incubate new products on Moonriver before rolling them out to Moonbeam, per their official site. Upcoming goals include institutional integrations and multi-chain support, teased in recent X discussions. With the 7th Annual AI in Financial Services Conference looming in September 2025 in London, Moonwell might leverage AI tools to enhance its platform, positioning it as a DeFi leader.

Onchain Data

Exact metrics are hard to pin down without real-time access, but Moonwell’s deployment on Base and Optimism suggests solid activity. Historical data from Etherscan shows growing transaction volumes on these chains, hinting at increasing user engagement. Staking and lending pools are likely active, though specific figures await the next analytics update.

Community Sentiment

X is buzzing with excitement. Users like Balabo and King T have posted thoughtful questions about institutional features and L2 integrations, reflecting optimism. Some, like BASE BELIEVER, raise concerns about market manipulation, though this lacks broad traction. Influencers are amplifying the event, with MoonwellDeFi’s post garnering quick replies, signaling a positive vibe.

Additional Insights

Competitors like Aave face similar scrutiny, but Moonwell’s focus on simplicity gives it an edge. The DeFi space is heating up, with $50 billion locked in lending protocols per DefiLlama’s latest snapshot. For newcomers, Moonwell offers an accessible entry; for vets, it’s a chance to diversify. Risk note: DeFi volatility and presale risks exist—always research before jumping in.