Baseline

Baseline is a DeFi application built within the Ethereum ecosystem that combines a decentralized exchange, an automated market maker, and a launchpad under what it calls the Baseline Protocol. It aims to give users a single venue for trading tokens and participating in new token launches without relying on centralized intermediaries. The protocol is intended for people who want to interact with decentralized finance tools natively on Ethereum.

Baseline operates as an application layer on Ethereum, using automated market maker logic to facilitate token swaps and price discovery without an order book. The native token, B, functions within this ecosystem — its precise governance or fee-capture role is not detailed in the data stored here. Because Baseline is an application rather than its own blockchain, it has no independent consensus algorithm and relies entirely on Ethereum for settlement.

The data stored here does not include a fee stream or revenue figure for Baseline, so it is not possible to describe where fees originate, who pays them, or who receives them. The absence of fee data means that fee-based valuation measures are not available for this protocol on this site. What the data does show is a market capitalisation of approximately 39.4 million USD against a total value locked of roughly 1.95 million USD at the current point in time, producing a market-cap-to-TVL ratio of about 20.4 and a fully diluted value-to-TVL ratio of about 34.1.