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Headline: “Uniswap Drives Rise of Meme Coins on Core Blockchain”
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Trends of Decentralized Exchanges on Core Blockchain
Uniswap dominated the Base blockchain with an 85% user share on June 17, fueled by a surge in meme coin trading activity.
introduction
The recent increase in meme coin trading on the Base network has contributed significantly to its rapid adoption and growth. With the Coinbase-backed Ethereum layer-2 network setting new records for daily active users on decentralized exchanges (DEXs), it has emerged as a key player in the crypto space.
Main points
The meme coin frenzy has been a major driving force behind the increase in trading activity on the Base network, positioning it as a leading platform for meme coin projects and speculation. Uniswap leads with an 85% user share, followed by PancakeSwap, Aerodrome Finance and SushiSwap. Base-based DEXs have surpassed BNB Chain in terms of active users, behind only Solana in terms of user base.
Trading volumes on Base have seen a notable increase thanks to the popularity of meme coins such as DEGEN and BRETT. While Base’s total DEX volume in March was $1.2 billion, it declined slightly, with daily trading volume of more than $298 million recorded on June 17. Uniswap dominated daily volume, accounting for 81.1% of transactions, with PancakeSwap and Aerodrome Finance collectively contributing 6.6%.
Conclusion
With the growing interest in meme coins and the active trading environment on the Base network, it has become an attractive platform for investors looking for opportunities in the cryptocurrency market. The increase in activity on Base shows its potential as a major player in the decentralized exchange landscape.
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