A certain DEX surpasses competitors on the Base chain, becoming the second-largest DEX.

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Source: CryptoNewsNet Original Title: PancakeSwap overtakes Uniswap on Base to become second-largest DEX by volume Original Link:

Overview

A multi-chain decentralized exchange has become the second-largest DEX on Base by trading volume, overtaking a major competitor over the past 24 hours and seven days, according to DefiLlama data.

Trading Volume Performance

In the past 24 hours, the DEX recorded $293 million in trading volume on Base, compared to its competitor’s $203 million. Over the past 7 days, it reached $1.17 billion in volume, ahead of the competitor’s $949 million.

The DEX now ranks second on the chain, trailing only Aerodrome, which posted $457 million in 24-hour volume and $2.2 billion over the past week.

Base Chain Growth

Base, the Ethereum Layer 2 network, continues to climb the DeFi leaderboard and now ranks fifth among blockchains by total value locked (TVL), with over $4.8 billion, behind Ethereum, Solana, Bitcoin, and BNB Chain.

CAKE1,72%
UNI0,14%
AERO0,42%
ETH0,75%
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