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Immortal - Crypto Analyst
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Base is Rising, #Ethereum is losing its dominance in creating new tokens for DEXes✨ Ethereum has lost its dominance in new token creation that appearing on DEXes. Seeing a lot of changes in how people make and trade tokens on decentralized exchanges. Ethereum used to be big, but now people want cheaper and faster transactions. Here's what's happening: ➜ Solana initially gained popularity due to meme tokens, with DEX-based trading reaching 62% (now 27%). ➜ Now more new DEX-based tokens are showing up on Base (Layer-2). ➜ BNB is also losing value (down 11%). With these fast-changing trends, it'll be interesting to see who challenges Base's dominance next.

Base is Rising, #Ethereum is losing its dominance in creating new tokens for DEXes✨

Ethereum has lost its dominance in new token creation that appearing on DEXes. Seeing a lot of changes in how people make and trade tokens on decentralized exchanges.

Ethereum used to be big, but now people want cheaper and faster transactions. Here's what's happening:

➜ Solana initially gained popularity due to meme tokens, with DEX-based trading reaching 62% (now 27%).

➜ Now more new DEX-based tokens are showing up on Base (Layer-2).

BNB is also losing value (down 11%).

With these fast-changing trends, it'll be interesting to see who challenges Base's dominance next.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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