Base Achieves All-Time High DEX Volume, Exceeding $1 Billion

Coinbase’s Ethereum layer-2 solution, Base, has achieved a new record in decentralised exchange (DEX) trading volume, soaring approximately 25% higher than the previous day and crossing the $1 billion threshold.

On March 30, Base registered a trading volume of $1.21 billion on DEX platforms, marking a 25% increase from the previous day’s $959.63 million, as per Dune analytics.

The majority of trading activity took place on Uniswap, which contributed 64.3% of the volume, followed by Aerodrome Finance at 9.7% and SharkSwap at 7.8%.

The number of daily active users (DAU) also experienced a surge of approximately 12.4%, rising from 153,000 to 172,000. Over the last six weeks, there has been an average of 667,765 weekly active users.

Within the cryptocurrency community, there is speculation that the expanding network could emerge as the next centre for meme coins.

Cryptocurrency trader Wizard of SoHo, with 97,000 followers, likened Base to an “early Solana,” predicting “several billion dollar memecoins on Base.”

In the meantime, Base contributor Jesse Pollak surveyed his 73,200 followers, inquiring about the timeframe for Base to evolve into the “largest non-Ethereum on-chain economy.” Of the respondents, 49.4% predicted “3 months,” while another 28.6% anticipated “within 12 months.”

As of now, there are no tokens on the network that have reached or exceeded a market capitalization of $1 billion.

Degen (DEGEN) and Brett (BRETT) rank among the largest Base meme coins at the moment.