Recent data in the decentralized finance (DeFi) sector shows that Fluid, with $1.432 billion in trading volume, has surpassed Uniswap, while the Base network has added significant activity in token issuance.
Fluid Surpasses Uniswap in Trading Volume
According to the latest data from DeFiLlama, the decentralized exchange Fluid recorded a trading volume of $1.432 billion over 24 hours on Ethereum, surpassing Uniswap's $1.335 billion for the first time. This achievement positions Fluid as the leading DEX on Ethereum in terms of volume, signaling growing user traction and competitiveness within the DeFi ecosystem.
Base Overtakes Solana in Token Creation
Data from Dune Analytics indicates that Base, the Ethereum Layer 2 network supported by Coinbase, has overtaken Solana in daily token issuance, becoming the most active platform for new token creations. This surge is largely driven by the Zora decentralized content platform, which introduced the "Creator Coins" mechanism, significantly enhancing user engagement. Consequently, Zora has minted over 1.6 million creator tokens on Base, with nearly 3 million active traders and cumulative trading volume of $470 million.
Stablecoin Market Cap Growth
According to DeFiLlama, the total market cap of stablecoins has increased to $267.405 billion this week, reflecting a $1.78 billion increase (+0.67%) compared to the previous week. Tether (USDT) continues to dominate, accounting for 61.61% of total stablecoin capitalization. The steady growth of stablecoin volumes is often seen as an early indicator of capital returning to the crypto space.
Recent achievements of Fluid, Base, and the growing stablecoin market highlight significant changes in the dynamics of DeFi, underscoring increased user activity and interest in new platforms and mechanisms.
