According to BlockBeats, Base DEX, a decentralized exchange, recorded its highest ever daily active addresses on June 18th, reaching 267,000. However, it's worth noting that despite this surge in active addresses, the trading volume of Base DEX remained low. The exchange only recorded a trading volume of $394 million, a figure significantly lower than its historical high of $1.22 billion on March 30th.
The increase in active addresses indicates a growing user base for Base DEX, but the low trading volume suggests that these users may not be actively trading on the platform. The reasons behind this discrepancy are not clear. It could be due to a variety of factors, including market conditions, user behavior, or the performance of the platform itself.
Despite the low trading volume, the record number of daily active addresses is a positive sign for Base DEX. It shows that the platform is attracting new users, which could potentially lead to an increase in trading volume in the future. However, it remains to be seen whether this trend will continue and if it will translate into higher trading volumes for the exchange.