If you've been keeping an eye on the crypto space, you might have caught wind of the buzz around Base, the Ethereum Layer 2 network backed by Coinbase. A recent tweet from Sharples at Blockworks Research highlights a fascinating development: Base just hit its highest DEX volume since early February, right on the heels of Coinbase's big announcement about integrating DEX trading into their app. Let's dive into what this means, especially for meme token enthusiasts like us here at Meme Insider.
For those new to the scene, DEX stands for Decentralized Exchange—a platform where you can trade cryptocurrencies directly on the blockchain without intermediaries. Coinbase, one of the biggest names in crypto, dropped a game-changer on August 8, 2025, by rolling out DEX trading directly in their U.S. app. This feature lets users trade millions of on-chain assets on Base almost instantly, skipping the usual hurdles of centralized listings. It's like opening a direct portal for retail investors to jump into DeFi (Decentralized Finance) without leaving the comfort of the Coinbase ecosystem.
Just three days later, on August 11, Base's DEX volume spiked dramatically. According to the data shared in the tweet, the top trading pairs driving this were ETH-USDC, ETH-cbBTC, and cbBTC-USDC. cbBTC, for the uninitiated, is Coinbase's wrapped Bitcoin token, making it easier to bring BTC liquidity into the Ethereum world. Interestingly, three out of the four top pools were hosted on Aerodrome Finance (@AerodromeFi), a popular DEX on Base known for its efficient liquidity provision and ve(3,3) model—inspired by protocols like Solidly, it rewards long-term liquidity providers with governance power.
But here's where it gets exciting for meme token fans: the volume breakdown reveals memes as a powerhouse category. Check out this chart from Blockworks Research, which stacks daily DEX volumes by asset types:
As you can see, the purple bars at the base represent meme tokens, and they've been holding strong, contributing a sizable chunk to the overall volume. While stablecoin and ETH pairs dominate the top spots for institutional-like trades, memes are the wild card fueling retail excitement. This surge isn't just numbers—it's a sign that easier access via Coinbase is drawing in more casual traders, who often flock to fun, viral assets like memes.
Why does this matter for meme tokens? Traditionally, getting listed on a major exchange like Coinbase could take months, if it happened at all. With this integration, new meme projects on Base can tap into liquidity pools right away, potentially skyrocketing their visibility and trading activity. We've seen how Base has become a hotbed for memes, thanks to its low fees and fast transactions compared to mainnet Ethereum. Projects launching here can now reach Coinbase's massive user base—over 100 million strong—without the gatekeeping.
Looking at the broader picture from Blockworks' Base DEX Activity dashboard, volumes are categorized into everything from ETH-Stablecoin swaps to AI Agents and Tokenized Assets. Memes, lumped with known memecoins and unclassified tokens, show consistent engagement, especially as the total volume climbs back toward $2 billion daily peaks. This Coinbase move could be the catalyst that sustains this growth, making Base a go-to chain for meme launches and trades.
Of course, it's early days. As one reply to the tweet noted, only a small percentage of Coinbase users have access so far, and many tokens aren't fully integrated yet. But with 50+ projects reportedly reaching out to launch or migrate, the momentum is building. If you're into memes, keep an eye on Base— this could be the start of a new wave of innovation and hype.
What do you think? Will this integration supercharge meme token adoption, or is it just a temporary boost? Drop your thoughts in the comments below, and stay tuned to Meme Insider for more updates on the wild world of meme tokens.