Following the recent 64.3% of the trading volume, UniSwap had the most activity, followed by Aerodrome Finance with 9.7% and SharkSwap with 7.8%. Ethereum layer-2 network by Coinbase Base has broken its own 24-hour trading volume record on decentralised exchanges (DEX), increasing by about 25% from the day before and crossing the $1 billion threshold.
According to Dune data, on March 30, Base registered $1.21 billion in DEX trading activity, a 25% increase from $959.63 million the day before. With 64.3% of the trading volume, UniSwap had the most activity, followed by Aerodrome Finance with 9.7% and SharkSwap with 7.8%.
There was also a 12.4% increase in the number of daily active users (DAU), going from 153,000 to 172,000. There have been 667,765 weekly active users on average during the last six weeks.
There are rumours that the expanding network may develop into the next memecoin hub. Crypto trader “Wizard of SoHo” predicted that there will be “several billion dollar memecoins on Base,” comparing Base to a “early Solana,” in a message to his 97,000 X followers.
In the meantime, Jesse Pollak, a contributor to Base, asked his 73,200 followers how long it would take for Base to grow into the “largest non-Ethereum on-chain economy.” Twenty-eight percent of respondents anticipated “within 12 months,” whilst 49.4% said “3 months.”
There were no tokens on the network with a market valuation of $1 billion or more as of the time of publication. According to CoinGecko, Degen (DEGEN) and Brett (BRETT), two of the biggest Base memecoins, with market capitalization of $709.9 million and $654.6 million, respectively.
The market value of DEGEN was reported to be $143.4 million just one week earlier on March 25. This represents an almost five-fold gain in just seven days.
It was announced on March 27 that Coinbase will begin transferring more of its corporate and client USD Coin (USDC) stablecoin accounts to Base.
The decision will enable Coinbase to “manage and secure customer funds with lower fees and faster settlement times,” according to a social media statement by vice president of Coinbase Max Branzburg. Since Coinbase Wallet customers are in charge of their own private keys, the modification will solely impact Coinbase.com accounts
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