Coinbase's Base Hits Record $1B Trading Volume on Decentralized Exchanges

Coinbase's Base layer-2 network has achieved a record $1 billion in trading volume on decentralized exchanges (DEX) within a 24-hour period.

This milestone was reached on March 30, with a trading volume of $1.21 billion, marking a 25% increase compared to the previous day's volume of $959.63 million.

The majority of trading activity took place on Uniswap, accounting for 64.3% of the volume, while Aerodrome Finance and SharkSwap contributed 9.7% and 7.8%, respectively.

In addition to the surge in trading volume, Base also experienced a rise in daily active users (DAU), increasing by approximately 12.4% from 153,000 to 172,000.