In January 2025, the Uniswap Protocol achieved a monthly trading volume of $15.65 billion on the Base network, marking the third consecutive month of all-time high trading volume. Uniswap has processed over $1 trillion in total trading volume, establishing itself as one of the largest decentralized exchanges (DEXs) globally. Memecoins, AI agents, and cbBTC are among the top-performing assets on the Uniswap DEX. Virtual Protocol's VIRTUAL token, trading at $2.05, recorded a monthly volume of $6.6 billion and an all-time volume of $12.2 billion. USDC became the dominant token on the Base network after Coinbase delisted USDT in Europe due to regulatory compliance. Uniswap's trading volume growth has contributed to Base's expansion, with over 500 decentralized apps and over 2 million daily active users on the network. Base's integration into Phantom Wallet and apps like Aerodrome and Morpho Blue have brought in new users. Although Base has around $3.5 billion in total value locked, it still trails behind Solana in terms of volume. Uniswap has experienced significant growth since its inception in 2018, with over 300 million transactions processed in 2024.
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