Base Hits Another Monthly All-Time High For Swap Volume On Uniswap

Base has hit another all-time high for swap volume on Uniswap according to data developed by Dune Analytics and shared on X by Uniswap labs.

"Base just ran it back. Another monthly all-time high for swap volume on the Uniswap Protocol. Someone tell Jesse 🫣," wrote Uniswap Labs on X.

What you should know

Base is a layer 2 solution designed to make transactions on Ethereum faster and cheaper. It is backed by Coinbase and has Jesse Polak as its creator.

Swap volume is the amount of token exchanges facilitated by Base network on Uniswap which is a decentralized exchange.

This is different from transaction volume that encompasses not just swaps but transfers, contract interactions, etc.

As we can see from the chart above, Base has been consistent at hitting new monthly ATHs in swap volumes in the last four months.

The streak which began at $9.32b in October last year rapidly progressed to $15.51b in November and went a notch higher to 18.78b in December.

The current milestone of $20.07b for January reflects the fact that Base is not resting on its oars but tirelessly forging progressive paths.

Aside swap volume, Base is looking good on other metrics like daily users.