The dex on the base chain has surpassed the dex on Solana. Previously, there were similar reports that Solana's dex had overtaken Ethereum's dex! Then Solana started to gain strength, while Ethereum became more sluggish, showing no signs of being the second-largest. Instead of an upward trend, it experienced wide fluctuations, which disappointed many people and also led me to stop buying Ethereum, and I haven't touched it since.

Why does surpassing or shrinking trading volume on a public chain's dex immediately indicate that the chain is declining? Public chains generally rely on their ecosystem and active transaction gas to support ecosystem development and miner earnings. If there's no profit to be made, naturally, traffic and trading volume will decrease. This is similar to exchanges—if everyone keeps getting "liquidated" and losing money, eventually trading volume will shrink. The main reason is that after losing all their money, there's no more to lose, and even if new money comes in, they definitely won't keep trading.

Currently, the major public chains—Ethereum, Solana, BSC—are well-known and usable by most people. Base is used relatively less; it's a public chain directly under Coinbase. If this trend continues for a while, previously Solana's gains exceeding Ethereum, and BNB doing pretty well, public chains will definitely be less than Solana and Ethereum. It’s only a matter of time before Base surpasses Solana. I might give up on Solana, just like I did with Ethereum. I checked Solana's ETF continuous buying, not large amounts but still flowing in. Solana's price movement is also unimpressive.

What’s more complicated is that the Base chain has no token; Coinbase hasn't issued a coin, only stocks. In the future, I might need to pay attention to the stock instead.