The Coinbase-backed Ethereum Layer-2 network, Base, is set to break its own trading volume record with a new All-Time-High (ATH) of $9.4 billion on Uniswap.
Base’s trading volume has been skyrocketing, surpassing previous monthly highs. In January, it reached $329 million, soaring to $675 million in February. March saw an unprecedented surge to $9.4 billion, indicating growing user interest.
March marked Coinbase’s decision to store USDC balances on the Base Network, announced by Max Branzburg, Coinbase’s VP of Consumer Products. This move aims for better fund management, lower fees, and faster settlements.
Base’s functionality upgrades on Layer-2 protocols attract more users, reflected in its mid-April trading volume of $7.8 billion. With April’s halfway mark, it’s poised to surpass March’s record.
In Ethereum’s Layer-2 community, Base stands out with a 30-day transaction count of 45.21 million, surpassing Arbitrum One and Ethereum. It also increased its Total Value Locked (TVL) to $4 billion, showing resilience despite recent network challenges.
Also Read: Coinbase Ethereum Layer-2 Base Hits $4B TVL Surpasses Blast
