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Crypto

Base Captures Half of On-Chain Bitcoin Volume in Record-Breaking July

Guavy AI Editorial Team
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Base's Ethereum Layer-2 network processed an impressive $4.2 billion in on-chain Bitcoin spot trading volume during July, according to data from Blockworks.

This figure represents exactly half of the total $8.4 billion in on-chain Bitcoin spot trading that occurred across all platforms during the month.

Base's dominance shows no signs of slowing down heading into August, with the network capturing roughly 43% of on-chain Bitcoin spot volume and weekly totals exceeding $3 billion across all tracked platforms.

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