- Morpho leads Base with $1.33B weekly volume, driving DeFi lending demand.
- Uniswap V2 tops user activity with 538K wallets despite lower volume than Morpho.
- DeFi dominates Base network, with lending and DEX platforms fueling transaction growth.
Decentralized finance (DeFi) platforms have emerged as the primary drivers of transaction volume and user engagement on Base, a Layer 2 blockchain network. The latest data from DappRadar, published on April 10, 2025, reveals that Morpho (MORPHO), a decentralized lending protocol, recorded the highest weekly trading volume among all decentralized applications (dApps) on the network.
Morpho registered $1.33 billion in trading volume over the past week, outperforming other major dApps on Base. This volume point places Morpho ahead of competing platforms, highlighting the increasing demand for decentralized lending services within the Base ecosystem.
The report also shows decentralized exchanges (DEXs) remain highly active on Base, with Uniswap versions leading to user engagement and transaction volume. The figures indicate that DeFi protocols dominate network activity, particularly in lending and trading services.
Uniswap V2 Ranks Second by Volume, Leads in User Activity
Uniswap V2 (UNI) followed Morpho in weekly trading volume, reaching $451.56 million. While Uniswap V2’s volume was lower than Morpho’s, it recorded the highest number of unique active wallets (UAW) among all dApps except Uniswap V3. The platform engaged 538,670 wallets during the same period, reflecting widespread user participation in decentralized trading on Base.
Sushi (SUSHI) maintained its position as the third decentralized exchange in terms of weekly trading volume by recording $320.86 million. Despite having a low $9.01 million balance in smart contracts, Sushi stayed third in the weekly trading volume.
The decentralized aggregator Odos (ODOS) was one of the 5 top dApps with a weekly trading volume of $151.69 million. Moonwell (WELL) maintained close proximity to Odos (ODOS) as a lending protocol with a volume of $145.13 million. Moonwell’s smart contract balance achieved $28.33 million to facilitate network-based lending operations.
Uniswap V3 Records Highest Wallet Activity
The data obtained from DappRadar demonstrated that Uniswap V3 (UNI) achieved the greatest number of individual wallet users on Base app with 1.33 million within the week. UNiSwap V3 achieved top user activity although its trading volume remained at $73.55 million.
Uniswap V4 (UNI) also appeared on the list with a weekly trading volume of $92.21 million, while decentralized exchange 1inch (1INCH) posted $110.48 million in volume, supported by 31,580 unique active wallets.
The weekly trading volume at Stargate Finance (STG) reached $67.17 million. The STG smart contract maintained a high balance of $140.60 million to establish liquidity across multiple protocol networks. Workflow DeFi project Balancer (BAL) finished as the tenth most active Base dApp with $59.87 million in weekly transactions.
