Coinbase’s Base layer-2 network achieves a groundbreaking $1 billion trading volume milestone, indicating a growing interest in layer-2 scaling solutions.
Base Sets New Trading Volume Record
On March 30, Base, the Ethereum layer-2 network developed by Coinbase, hit a significant milestone by crossing $1 billion in trading volume on decentralized exchanges (DEX) within 24 hours. This achievement marked a 25% increase compared to the previous day’s volume, which was $959.63 million.
Most of the trading activity, accounting for 64.3% of the volume, occurred on Uniswap, followed by Aerodrome Finance at 9.7% and SharkSwap at 7.8%. Daily active users (DAU) witnessed a spike of around 12.4%, climbing from 153,000 to 172,000. Over the past six weeks, there has been an average of 667,765 weekly active users.
Base Memecoins Gain Traction
While no tokens on the Base network have market capitalizations at or above $1 billion, Degen (DEGEN) and Brett (BRETT) are among the largest Bas
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