Posted 3/31/2024, 8:00:00 PM
Coinbase's Base Protocol Surpasses $1B in DEX Volume, Fueled by Uniswap Growth
- Coinbase's Layer 2 protocol Base has surpassed $1B in decentralized exchange (DEX) volume
- The growth is dominated by Uniswap, which makes up 64% of Base's DEX volume
- Daily active users on Base recently exceeded 200k, nearly half from Uniswap
- Assets locked on Base have soared to over $3B, with nearly $1B in USDC stablecoins
- Base contributor Jesse Pollak acknowledged demand is outpacing the network but emphasized Base's commitment to decentralization
