Uniswap Protocol on Base Chain Hits Record $15.65 Billion Monthly Volume

Column

December 26, 2024 11:00 PM

In Brief:
Uniswap’s monthly transaction volume on the Base chain hit an all-time high of $15.65 billion.
This milestone showcases the growing adoption and activity of decentralized exchanges on emerging chains.

Uniswap Labs disclosed on the X platform that the Base chain, a Layer-2 blockchain optimized for Ethereum scaling, saw its monthly transaction volume for the Uniswap protocol reach an unprecedented $15.65 billion.

This record-breaking figure highlights the increasing activity within the decentralized finance (DeFi) ecosystem and the expanding influence of Layer-2 solutions in facilitating high transaction volumes with reduced costs and improved efficiency.

The milestone underscores Uniswap's strong market presence across multiple chains, reinforcing its position as a leading decentralized exchange in the DeFi space.

Disclaimer: Backdoor provides informational content only, it is not offered or intended to be used as legal, tax, investment, financial, or other advice. Investments in digital assets involve risk, and past performance does not guarantee future results. We recommend conducting your own research before making any investment decisions.