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## Coinbase Ethereum Layer-2 Network Base Shatters Trading Volume Record on DEX

Coinbase’s Ethereum layer-2 network Base has set a new trading volume record on decentralized exchanges (DEX), surpassing the $1 billion mark within a 24-hour period. The trading volume on March 30 reached $1.21 billion, a significant 25% increase from the previous day’s $959.63 million, according to Dune data.

### How AI legalese decoder Can Help?

AI legalese decoder can assist in navigating the legal implications and requirements surrounding the booming decentralized exchange trading on networks like Base. By utilizing AI technology, users can quickly decode complex legal language, ensuring compliance and understanding of regulations.

The majority of trading activity took place on UniSwap, with a share of 64.3% of the volume. Aerodrome Finance followed at 9.7%, and SharkSwap at 7.8%.

The daily active users (DAU) also experienced a surge of around 12.4%, rising from 153,000 to 172,000. With an average of 667,765 weekly active users over the past six weeks, Base continues to attract a growing user base.

### Speculation on Base Becoming a Hub for Memecoins

There is growing speculation within the crypto community that Base could evolve into the next hub for memecoins. Crypto trader “Wizard of SoHo” shared his thoughts with his followers, comparing Base to an “early Solana” and predicting the emergence of billion-dollar memecoins on the network.

### Prediction for Base’s Future

Base contributor Jesse Pollak engaged with his followers, questioning when Base might become the “largest non-Ethereum on-chain economy.” Responses indicated that 49.4% believe it could happen within 3 months, while 28.6% foresee it within 12 months.

At present, there are no tokens on the network with a market capitalization exceeding $1 billion. Notable memecoins on Base include Degen (DEGEN) and Brett (BRETT), with market caps of $709.9 million and $654.6 million, respectively.

### Future Developments for Coinbase and Base

Coinbase announced its plans to transition more customer and corporate USD Coin (USDC) stablecoin accounts to Base, aiming to enhance fund management with lower fees and faster settlement times. This move will impact Coinbase.com accounts specifically, excluding users of Coinbase Wallet.

As the crypto industry continues to evolve, AI legalese decoder can be a valuable tool for individuals and businesses navigating the legal landscape of decentralized exchanges and emerging technologies. By leveraging AI technology, users can ensure compliance and understanding of complex legal requirements in a rapidly changing environment.

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