Base Chain Uniswap V2 saw a sharp drop in daily transaction volume; backtesting revealed that over 95% of the activity originated from scams.

According to @jpn_memelord's analysis, since Uniswap enabled fees, Uniswap V2 trading volume on the Base network has declined significantly, from an average of $55-100 million per day to $24-35 million per day. Furthermore, 90% of this trading volume did not actually pay fees to the protocol, as these transactions largely originated from rug pull projects. Backtesting revealed that over 95% of Uniswap V2 activity on Base originated from scams.