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.