THIS WEEK ON BASE: BASE BATCHES 004, VENICE, AND MORE

Summary from the TLDR Crypto newsletter

Base crossed $5B in DeFi TVL (DeFiLlama) and surpassed every other network in monthly stablecoin card spend (Paymentscan), with $2.5B USDC deployed across 16 lending venues, $2.1B of which is concentrated in Morpho Blue. AI agents executed 7.3 million of the 14 million total x402 transfers logged across all chains over the past 30 days, and Blockrunai cleared 1 million x402 transactions per day on Base, underscoring the chain's dominance in machine-to-machine payment rails. App-layer economics are materializing: Venice crossed $100M in annualized revenue, and o1 Exchange recorded $200M in cumulative trading volume with over 25,000 tokens launched and $1M in creator fees distributed. Base Batches 004 opens applications through September 9, targeting 10 early-stage teams with up to $100K each and a NYC Demo Day.