Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Base Network Hits $1.22B in DEX Trading Volume

Base Network's Phenomenal Surge: A New Era for Meme Coins

The ever-evolving landscape of cryptocurrency has witnessed a remarkable event this past weekend, as the Ethereum layer 2 scaling network, Base, incubated by Coinbase, achieved a staggering daily trading volume of $1.22 billion across decentralized exchanges (DEXs). This surge, primarily fueled by the frenzy surrounding meme coins, signifies a pivotal moment that could redefine trading perceptions within the Ethereum ecosystem.

Unprecedented Trading Activity

On Saturday, the Base network not only set a record for DEX trading volume but also recorded an astonishing 172,000 unique wallets interacting with a DEX, as reported by blockchain data aggregator Dune. The momentum didn't stop there; nearly matching this figure again on Sunday, the network showcased the power of community-driven trading.

Key Trading Metrics:

  • Saturday Trading Volume: $1.22 billion
  • Unique Wallets on Saturday: 172,000
  • Sunday Trading Volume: $965 million
  • Monday Trading Volume (as of this writing): $847 million

The data indicates a significant rise in trading activity, with most of the volume stemming from Uniswap, capturing $1.14 billion of Saturday's total. Uniswap has maintained a robust share, consistently accounting for nearly 90% of Base's DEX volume in recent days.

A Parabolic Growth in Transactions

The surge in trading activity has correlated with a parabolic increase in overall transactions on the Base network. According to Alex Svanevik, CEO of crypto analytics platform Nansen, the network reached an all-time daily peak of approximately 2.39 million transactions on Friday. This growth highlights Base's potential as a formidable player in the meme coin arena.

Factors Contributing to Base's Rise:

  • Meme Coin Gold Rush: Native tokens like DEGEN and BRETT have surpassed half a billion dollars in market cap, attracting traders seeking lucrative opportunities.
  • Migration of Tokens: Several meme coins, including HarryPotterObamaSonic10Inu, have launched Base versions, further solidifying the network's position as a meme coin destination.

Is Base the New Go-To for Meme Coins?

As the trading landscape evolves, many traders are invoking the term Base season, aiming to replicate the success of Solana, which has been a magnet for meme coins over the past few months. Solana has seen tokens like Dogwifhat (WIF) soar to billion-dollar market caps, setting a high bar for potential competitors.

The Question Remains:

Will the crypto gods grant traders the opportunity to capitalize on this momentum? With the rise of Base, the answer lies in the hands of the market participants. Only time will reveal if Base can sustain its momentum and become the ultimate destination for meme coins within the Ethereum ecosystem. The landscape is changing, and those who adapt may find themselves at the forefront of this thrilling revolution.

Email Post

Comments

Post a Comment

Trending Stories