Wu Shuo has learned that according to analysis by @jpn_memelord, since Uniswap enabled fees, trading volume on Base network Uniswap V2 has declined significantly, dropping from a previous daily average of 55-100 million USD to 24-35 million USD; moreover, 90% of the trading volume actually did not pay fees to the protocol, as these trades mostly originated from rug pull projects. Backtesting found that over 95% of Uniswap V2 activity on Base comes from scams.

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