Crypto World Shakes Up: Optimism Soars, Base Takes the DEX Crown, Ethereum Slips!

Hang onto your hats, crypto fans! The DeFi scene is on fire with Optimism blasting off in cross-chain moves, while Base is king of the DEX hill. And guess what? Ethereum's been sliding down the charts!

The DeFi landscape is flipping upside down, and fast! Dune analytics is shouting from the rooftops that Optimism's popping off with massive cross-chain transfers. Meanwhile, Base? It's not just playing—it's ruling the DEX game and raking in those sweet, sweet fees.

1/ On April 8, @Optimism was the boss of all chains in value transferred:

$410M

That's a whopping 40% of all value hustled across major chains in just a single day

And they didn't stop there—they led in value per transaction too: 0.22 ETH on average per move! pic.twitter.com/4kNjHVCwmy

Traders are throwing around $410 million like it's nothing, all in and out of Optimism. That's huge—40% of the entire pie of value moved across big chains! Thanks to its slick interoperability, Optimism's becoming the go-to for shuffling liquidity between Ethereum's layer-2 networks.

Optimism and Base Pump Up the Volume with Interoperability

The secret sauce behind Optimism's rise? Their open-sourced OP Stack. It's all about making it easy for other networks to get cozy with them. This is big for Base too, which is built right on the same stack. Mantle, Worldcoin, Celo—they're all part of this cool club.

Base is soaking up the benefits of its Optimism link-up, and right now, it's crushing it with DEX transactions and fees. We're talking 60% of all DeFi action happening on Base. Arbitrum's pulling a solid 25% of DEX moves. But Ethereum? It's taking a backseat with just 7% of DEX transactions on April 7.

4/ Now let's dive into the real deal. Ethereum's not the DEX heavyweight anymore. Check out the breakdown of all DEX transactions:

📊 @base is leading the pack with around 60%
📊 @arbitrum's not far behind with about 25%
📊 And Ethereum? Just scraping by at about 7% pic.twitter.com/ioyRRdLjbH

DEXs are in a fierce battle with the big centralized exchanges, and they're ditching Ethereum because those gas fees are just too damn high. Every transaction costs, and that's shifting the profit game. On April 7, Base was pulling in 211 ETH in fees, with Arbitrum hot on its heels at 170 ETH.

Even though Ethereum's lost its grip on DEX transactions, it's still a beast when it comes to total trading volume. Ethereum's got a hold on 60% of the $3 billion daily DEX volume. Base is sitting pretty in second with 20%, while Arbitrum's third, snagging around 15% of the action.