The Base network, a layer-2 blockchain, has seen a significant surge in activity, with its daily trading volume reaching a record high of $356 million on March 20, and another report indicating a peak of $372 million. This milestone represents a 53% increase in decentralized exchange (DEX) transactions, with Uniswap accounting for 76% of the volume. The network's total value locked (TVL) also reached a new peak at $770 million. The increase in activity and volume is attributed to a growing interest in meme coins on the Base network, with several users reporting substantial gains from trading these assets. The network's performance and user activity have been bolstered following the Dencun upgrade, leading to nearly 1.65 million daily transactions and the addition of nearly 130,000 new users. Additionally, the gas usage on the Base chain reached a record high of 478.24 ETH, and the number of daily active addresses reached 464,000.