The fee switch targets fraudulent pools on the Base chain. More than half of the total $208.07 billion trading volume was found to come from fake transactions. After activation, only $77.38 billion of legitimate volume remained. Additionally, the mechanism was integrated with UNI token burn process, reducing the token supply. This step enhanced market transparency and strengthened investor trust.

Institutional Investors Drive UNI Momentum

Institutional investors played an active role following the protocol changes. A total of 2.818 million UNI tokens were transferred via Coinbase Prime to Binance, OKX, and Bybit. Valued at approximately $27.08 million, this movement sparked market speculation and pushed UNI prices upward.

Although no official statement has been issued, blockchain analytics suggest that major investors, such as Variant Fund, could be behind the transfer. Institutional actions increase participation in Uniswap’s governance model, supporting decentralized decision-making in DeFi protocols.

Market Data and Investor Behavior

Uniswap’s current market capitalization stands at $5.93 billion. UNI rose 72.93% over the week, while its 90-day performance shows a 17.59% decline. Daily trading volume surged by 372.17%, and at the time of writing, UNI is trading at $8.42.

The fee switch and institutional token transfers have directly influenced market behavior. Eliminating fraudulent pools and implementing UNI burns boosted investor buying motivation. Furthermore, the “Growth Budget” and governance mechanisms strengthened community engagement. These changes reinforce UNI’s position as a leading decentralized exchange.

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Details of the B3USDT Perpetual Contract:

The B3USDT perpetual contract will begin trading on Binance Futures on 2025-02-13 11:30 (UTC). This contract will be based on the B3 (Base Chain Gaming Project) underlying asset and will use USDT as the settlement asset. The contract’s address is set to 0xB3B32F9f8827D4634fE7d973Fa1034Ec9fdDB3B3.

Binance Futures: Click Here to Trade with a 10% Discount!

In this contract, a tick size of 0.00001 will be used for trade sizes, and the capped funding rate is set to +2.00% / -2.00%. The funding fee will be paid every four hours. This perpetual contract offers 25x leverage and will be available for trading 24/7. Additionally, the Multi-Assets Mode allows users to trade with different margin assets.

At the start, the funding rate is set to +2.00% / -2.00%, and the funding fee will be settled every four hours. Binance may adjust contract details from time to time based on market risk conditions. Multi-Assets Mode enables users to trade with different collateral assets, such as the ability to use BTC as collateral.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

These new B3USDT perpetual contracts are a new trading opportunity Binance offers to its users. It is also important to note that Binance Futures and Binance Spot token listings are independent of each other.

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Coinye West Leads the Charge

Coinye West emerges as the frontrunner, recording a staggering 102% surge today, bolstered by strong community support. This follows a remarkable 100X increase within the last 24 hours, further amplifying the memecoin frenzy currently gripping the crypto market. Bald Dog follows closely behind with a 45.2% increase, adding to its impressive 313% gain over the past week. Brett, a popular choice among the wider crypto community, has also witnessed a 25.9% rise today, consolidating on its gains accumulated over the past two weeks. Notably, Brett remains a top performer with a 55.7% and 73% increase in those respective timeframes. Additionally, it holds the top spot within the Base memecoin ecosystem by market cap, boasting a $14.2 million daily volume.

Memecoin Market Sees Upward Trend

The memecoin market as a whole has exhibited positive movement over the past two weeks, mirroring a broader market upswing fueled by rising investor confidence. At the time of writing, the total market capitalization of the memecoin sector stands at $69.1 billion, reflecting an 8% increase compared to the previous day. Dogecoin, the leading memecoin, has continued this upward trend with a 13% daily rise.

Base Chain Outshines Solana Memecoins

Interestingly, Base Chain memecoins have surpassed their Solana counterparts in terms of recent gains and overall market sentiment. Dogwifhat, BONK, and Slerf have witnessed declines of 6.6%, 1.4%, and 18.5%, respectively.

SEC Lawsuit Spurs Speculation

On March 27th, a federal court in Manhattan denied Coinbase’s motion to dismiss the SEC’s lawsuit. The SEC accuses Coinbase of operating an unregistered exchange and offering trading services for unregistered securities. This decision paves the way for the case to proceed to trial, with Coinbase having the opportunity to address the financial regulator’s claims.

While some experts speculate that the court’s dismissal of Coinbase’s argument regarding its wallet service may have triggered the surge in Base tokens, the rest of the lawsuit remains ongoing. Both parties appear confident in their respective positions as the case moves forward.

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