Base, the Ethereum layer-2 scaling network incubated by crypto exchange Coinbase, hit a regular record of $1.22 billion price of buying and selling volume at decentralized exchanges (DEXs) on Saturday. The frenzied boost in buying and selling is a result of a gold hurry for meme coins which has Base-native coins like DEGEN and BRETT hitting over half a billion dollars each in market cap.
The network set an archive for unique daily wallets getting together with a DEX on Saturday with 172,000, based on public blockchain data curated by Dune, and nearly matched that total again on Sunday.
Decentralized exchange (DEX) volume on Base has dropped in to the new week—but continues to be holding considerably greater than previous several weeks, about $965 million in volume on Sunday, and already $847 million worth to date on Monday at this moment. At this moment, Saturday’s record may be the only day that Base DEX volume has capped the billion-dollar mark.
Most that volume is originating from Uniswap, the mix-chain decentralized exchange, which drawn up $1.14 billion price of the Saturday total. Uniswap has held a roughly 90% daily share of Base DEX volume in the last a few days.
Broadly, the bottom network has witnessed a “parabolic” boost in overall transactions, tweeted Alex Svanevik, founder and Chief executive officer of crypto analytics platform Nansen. The platform’s data suggests an exciting-time daily peak of nearly 2.39 million transactions on Friday, the newest day proven on its Base dashboard.
With the rise in volume along with a significant boost in daily active users, Base might finish up to be the go-to place to go for meme coins with this cycle—at least within the Ethereum ecosystem.
Other meme coins have began moving to Base, with HarryPotterObamaSonic10Inu launching basics form of their token a week ago. The cost briefly spiked to in excess of $10 before returning lower to parity using its Ethereum mainnet counterpart.
me three days ago – base season? can everyone just shut up, you simply missed sol
me today – were buying memecoins on the base L3 memechain strap in boys
Many traders are with “Base season” in order to match the momentum of layer-1 network Solana. Within the last couple of several weeks, Solana continues to be a tight schedule-to place to go for meme coins, with tokens like Dogwifhat (WIF) hitting more than a billion dollars in market cap, and many more with vast sums in market cap too.
Will the crypto gods give degens an opportunity to run everything back on Base? There’s only one method to discover.
The views and opinions expressed through the author are suitable for informational purposes only and don’t constitute financial, investment, or any other advice.
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