Base Hits $100 Billion on Uniswap, Becomes the Second L2 Network to Cross This DEX Volume Milestone

In December 2024, Base, a renowned layer-2 network, accomplished a tremendous milestone in DEX trading in the Uniswap decentralized exchange platform.

Layer-2 network Base (BDP) has crossed $100 billion in monthly decentralized trading volume on decentralized exchange platform Uniswap (UNI) for the first time.

The accomplishment marks Base's rising influence in the decentralized trading space, as it outpaces other layer-2 networks such as Arbitrum (ARBI), Polygon (MATIC), Optimism (OP), and more in terms of DEX volume on Uniswap.

Base hits $100 billion on Uniswap

According to the latest data, Base has become the second layer-2 network to cross $100 billion in decentralized trading volume on Uniswap.

Last year in September, Arbitrum became the first layer-2 scaling solution to cross $200 billion, making it the first L2 network to reach such a massive volume on the Uniswap protocol.

However, Base's rise is evident when comparing it to other layer-2 solutions, as it becomes the second L2 network to cross $100 billion in DEX volume on Uniswap. This highlights its dominance in DEX trading and its increasing appeal to both institutional investors and retail traders.

Base growth and DeFi's future

The increasing DEX volume on Base reflects the growing demand for virtual assets and stablecoins in the broader decentralized finance (DeFi) ecosystem, which coincides with the DeFi resurgence and increase in crypto yields.

Another key factor behind this rise is the ongoing meme coin craze, which continues to generate大な trading activity on Base. Last year, meme coins such as Brett and Degen saw their market value飆 to $596 million and $589 million, respectively, within a few days of their launch on Base. In other words, the rising meme coin activity on Base contributes to Base's impressive DEX trading on Uniswap.

The incredible trading volume on Uniswap was also supported by an increase in monthly transactions and active addresses in the Base network. This rise highlights the broader narrative of more users shifting to Base for its low-cost transactions and high processing speed, which makes it a favorable alternative for DeFi platforms and dApps.

At press time, BDP is trading at $0.9775, up 16.0% in the past 24 hours, with an increasing trading volume of 129.90% and a market cap of $627.48K.

As the sustained interest in the DeFi landscape continues, Base is well-positioned to witness further growth and play a significant role in shaping DeFi's future.