๐๐ Coinbase Ethereum layer-2 network, Base, is making waves! ๐ On June 17th, it set a new record with 270,000 daily active users on decentralized exchanges (DEX), a 9% jump from the previous day. ๐
Uniswap is the star of the Base show, commanding an 85% user share. PancakeSwap, Aerodrome Finance, and SushiSwap trail behind. ๐
Base's rise to fame? Meme coins! ๐ถ๐ These playful digital assets have been driving a surge in trading activity on the Base chain. Solana has been the go-to network for meme coin projects, but Base is hot on its heels. ๐โโ๏ธ๐จ
When it comes to trading volume, Base saw a whopping $1.2 billion in total DEX volume in March. This figure has since dipped, with June 17th's daily DEX trading volume on Base sitting at just over $298 million. ๐
Despite recent market corrections dragging meme coins' collective market cap below $50 billion, trading volume is holding steady. Solana's meme coin dominance is being challenged by Base, thanks to the rise of Base-based meme coins like Degen (DEGEN), All Your Base (AYB), Brett (BRETT), Based Shiba Inu (BSHIB), and Broge (BROGE). ๐
Investors, take note: Base is becoming a major hotspot for new capital. ๐ฐ๐ฅ Stay tuned for more exciting updates in the world of BTC! ๐๐