CandleFocus

Base Becomes the Second L2 Network to Cross $100B on Uniswap after Arbitrum

The Base layer-2 network achieved a significant milestone by surpassing $100 billion in decentralized trading volume on the Uniswap decentralized exchange platform. This makes Base the second layer-2 network to reach this volume on Uniswap, following Arbitrum's achievement of surpassing $200 billion. Base's dominance in DEX trading highlights its growing appeal to institutional investors and retail traders. The increased trading volume on Base is driven by the demand for virtual assets and stablecoins in the DeFi ecosystem, as well as the popularity of meme coins. The network's low-cost transactions and high processing speed also attract users, positioning Base for continued growth in the DeFi landscape.

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