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Coinbase’s Layer 2 protocol, Base, has achieved a remarkable milestone by surpassing $1 billion in volume for decentralized exchanges (DEX). This achievement solidifies Base’s position as a leading Layer-2 chain in the decentralized finance (DeFi) space.
This surge in DEX volume highlights the increasing because there is speculation within the crypto community that the growing network could become the next hub for meme coins.
On Saturday (30/03), Base’s DEX volume surged to $1.2 billion, marking a substantial 25% increase from the previous day’s total volume of $959.63 million. Uniswap dominates Base’s DEX, controlling more than 64% of the total volume, with Aerodrome Finance trailing at 9.7%.
Looking at the daily chart, On Monday (25/03), the price of Bitcoin (BTC) managed to break the mini resistance at $68,300 with a one-day increase of 3.97%. After successfully breaking its resistance, the price of Bitcoin tends to move steadily in the range of $69,000 to $71,000.
While Bitcoin has reached a new all-time high this year, Ethereum (ETH) is still significantly below its previous peak in November 2021, which was at $4,860. From the chart above, we can see that the Ethereum chart shows an ascending triangle pattern with resistance area at $3,500-$3,600. If the ETH’s price is able to break through this area, then the Ethereum price has the potential to reach the $4,000 target.
From the mid-teens in September 2023 to a recent high of $210. The increased activity on the Solana network, fueled by renewed market interest in various meme coins. Despite this, interest in Solana (SOL) remains strong, If SOL is able to break through the resistance at $200 and stay above $200 suggesting that the recent high of $210 could be surpassed again in the coming weeks.
This material is for general information and is not investment advice, a recommendation, or solicitation to buy and sell any cryptocurrencies, digital assets, securities or derivative instruments, or to make any investments. Mobee is under no obligation to update this report based on information and events that occurred after this report was created and published. Any suggestions or recommendations in this report may not be appropriate for certain users.
