Fluid surpasses Uniswap in daily Ethereum mainnet volume, signaling rising competitiveness and possible user migration within the DeFi trading landscape.
Base overtakes Solana in daily token creation, driven by Zora’s “Creator Coins” and SocialFi momentum, boosting onchain engagement and token activity.
Stablecoin market cap increases by $1.78 billion, reflecting cautious capital inflow and USDT’s continued dominance amid steady crypto market conditions.
FLUID OVERTAKES UNISWAP IN 24H ETHEREUM MAINNET VOLUME FOR THE FIRST TIME
According to the latest data from DeFiLlama, decentralized exchange (DEX) Fluid recorded $1.432 billion in 24-hour trading volume on Ethereum mainnet, surpassing the long-dominant Uniswap ($1.335 billion) for the first time.
This milestone positions Fluid as the highest-volume DEX on Ethereum mainnet within the past day, signaling its growing user traction and rising competitiveness within the DeFi ecosystem.
Analysis
Fluid’s short-term volume lead over Uniswap suggests it has achieved notable advances in product design, user experience, or liquidity incentives. Amid a broader DeFi market rebound and growing user demand for efficient matching and low slippage, Fluid’s rise challenges entrenched platforms and reflects shifting dynamics within Ethereum’s DEX landscape.
However, its ability to sustain this lead remains uncertain and will depend on volume consistency, liquidity depth, and long-term user retention. While the surge is impressive, real market leadership requires building strong network effects and ecosystem stickiness.
BASE OVERTAKES SOLANA IN DAILY TOKEN CREATION AS ZORA FUELS ONCHAIN CREATOR ECONOMY
Data from Dune Analytics shows that Base, the Ethereum Layer 2 network supported by Coinbase, has surpassed Solana in daily token issuance, becoming the most active platform for new token creation. This surge is largely driven by the decentralized content platform Zora, which introduced a “Creator Coins” mechanism that tokenizes content, significantly boosting user engagement.
Base’s rebranding into a Web3-focused SocialFi platform in July also funneled substantial traffic to Zora and related projects. Zora has now minted over 1.6 million creator tokens on Base, with nearly 3 million active traders and a cumulative trading volume of $470 million. This momentum has pushed ZORA token’s price up more than 500% within the month.
Analysis
Base’s rapid rise illustrates the growing potential of Layer 2 networks in scaling user activity and experimentation. With strong backing from Coinbase and a clear Web3 social narrative, Zora effectively puts the “content-as-asset” model into practice, driving both creator and speculator participation.
SocialFi is emerging as a major engine of onchain growth. However, the current wave is largely speculative, and the ecosystem’s long-term health will depend on governance maturity and the sustained involvement of authentic content creators.
STABLECOIN MARKET CAP INCREASES BY $1.78 BILLION WEEK-OVER-WEEK
According to DeFiLlama, the total stablecoin market cap has grown to $267.405 billion as of this week, reflecting a $1.78 billion increase (+0.67%) compared to the previous week. Tether (USDT) remains dominant, accounting for 61.61% of total stablecoin capitalization.
Analysis
The steady growth of the stablecoin market is often seen as an early signal of capital returning to the crypto space. In a relatively range-bound market, capital tends to accumulate in stablecoins for hedging and strategic positioning.
USDT’s rising dominance underscores its continued role as the primary vehicle for liquidity and capital preservation. However, the current inflow is moderate, indicating cautious optimism rather than full-scale risk appetite. A stronger shift from stablecoins into volatile assets would be needed to confirm the start of a new bullish cycle.
〈CoinRank Crypto Digest (8/04)｜Fluid Tops Uniswap in 24H Ethereum Mainnet Volume for the First Time〉這篇文章最早發佈於《CoinRank》。
