The Coinbase exchange's decentralized trading platform ( DEX ) has recently announced a major strategic initiative. The platform now fully supports all assets on the Base chain and plans to integrate the Solana ecosystem in the near future. This move is seen by industry insiders as a key step for Coinbase in bringing DEX to the mainstream market.



By comprehensively covering Base chain assets and soon integrating the Solana ecosystem, Coinbase seems to be actively expanding its liquidity pool. This strategy may be in response to recent fluctuations in the Ethereum market, especially against the backdrop of some large holders selling approximately 34,400 ETH.

Coinbase's move may stabilize the confidence of DeFi participants while attracting active traders in the Solana ecosystem, especially those keen on trading meme tokens. Notably, this move could stimulate the short-term performance of Solana tokens, particularly considering the ripple effect brought by the recent listing of Useless Coin on Coinbase.

Market analysts advise investors to closely monitor the changes in Solana's Total Value Locked (TVL) over the next week. If the trading volume on Coinbase DEX increases significantly on Solana, it may alleviate some of the market pressure faced by Ethereum. Therefore, some investors may consider moderately increasing their holdings of SOL at the current price level in preparation for potential market fluctuations.

However, investors should act with caution and fully assess the risks, as the cryptocurrency market has always been highly volatile. Any investment decision should be based on thorough market analysis and individual risk tolerance.
SOL5.46%
ETH5.37%
DEFI0.3%
MEME-0.61%
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DarkPoolWatchervip
· 22h ago
The ceiling on SOL is no longer a dream.
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OnChainArchaeologistvip
· 08-25 13:55
Goodness, even DEX is getting involved.
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NestedFoxvip
· 08-25 13:37
Buy the dip or wait for the dip?
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FudVaccinatorvip
· 08-25 13:36
Bring Muzi Sola, continue life!
View OriginalReply0
YieldWhisperervip
· 08-25 13:33
seen this liquidity play before... classic 2021 vampire attack playbook tbh
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