Odaily reported that the trading activity on the Base network launched by Coinbase has declined from its peak in January. The 7-day moving average trading volume has dropped from nearly 12 million transactions on January 6th to around 7.5 million currently, a decrease of 38%. Nevertheless, Base still leads other Ethereum solutions such as and . The sustained advantage of Base is attributed to Coinbase's large user base of over 100 million, as well as its adoption of the technology. Currently, the Base ecosystem is primarily composed of decentralized exchanges and lending protocols, with leading projects including , , and in terms of Total Value Locked (TVL). (The Block)