Uniswap Labs, the developer behind one of the top decentralized exchanges (DEX), Uniswap, notes that the number of users leveraging its platform on Optimism and Base has more than doubled in the last year.
More Swapping Happening On Base And Optimism
Optimism and Base, two widely used layer-2 scaling solutions for Ethereum, offer distinct advantages for traders. When swapping tokens on Uniswap, which is deployed on either of these platforms, traders benefit from considerably lower transaction fees.
Uniswap Labs reports a notable surge in swappers on Optimism and Base. Over the past year, the number has doubled from 124,970 in February 2023 to 310,050 in February 2024, indicating a rising interest in these layer-2 solutions.
This growth mirrors an upward trend in DeFi activity, as evidenced by the rising total value locked (TVL) across various protocols, especially from Q3 2023.
DefiLlama data on March 7 shows that the total DeFi TVL across all protocols is over $96 bi
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