2026-01-08 15:35:54

We ran a comprehensive test spanning from November 19 through December 26, 2025, focusing on three major trading pairs on the Base blockchain. USDC-ETH, cbBTC-ETH, and cbBTC-USDC were chosen as the primary subjects—these pairs command the highest total value locked and trading volume across the Base network's core ecosystem. The selection criterion was deliberate: identifying the most liquid and actively traded pairs to ensure robust data for our analysis.

USDC-0,04%

ETH6,27%

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OnchainUndercover

· 01-11 14:56

Is the liquidity in the base ecosystem getting so competitive? USDC-ETH has to be used as a sample.

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AirdropChaser

· 01-09 21:36

How are the data for these three trading pairs on base? It seems that cbBTC has been quite popular recently.

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LiquidityWhisperer

· 01-08 17:52

The three trading pairs in the base ecosystem are indeed the most lucrative, with data volume speaking for itself. They are all the most liquid, and the test results should be of some reference value. The data samples from these two months are sufficient; I just want to know what the final conclusion will be. CBBTC's popularity has indeed increased, and it appears in all three pairs. With such a long testing period, could market fluctuations have interfered? The USDC-ETH pair is probably quite stable, with little fluctuation. Choosing these three pairs is definitely the right call; their liquidity is monster-level. With such a large amount of data, processing must have taken quite some effort. I've been paying close attention to these few base trading pairs for a long time; the depth is truly impressive. Testing from mid-November to the end of December? On-chain data is so comprehensive, it's quite rare. I haven't paid much attention to the CBBTC-USDC pair; is its liquidity that high?

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AirdropFatigue

· 01-08 16:05

Have these three trading pairs on base been tested for almost a month? The data volume is quite substantial. Is cbbtc liquidity really that strong? It still feels like ETH is more popular. Why wasn't USDT paired tested? Is there no USDT in the base ecosystem? Is this testing period long enough... Could the data be skewed by specific market conditions? The strongest liquidity ≠ the best trading opportunities. This logic might be a bit flawed. Wait, this test only came out this year? The timeline is a bit confusing.

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LightningWallet

· 01-08 15:54

Wow, the liquidity data for these three trading pairs on Base has finally been released. We've been waiting so long. How's the trading volume on cbBTC? Has it exceeded expectations? USDC-ETH is very stable, but I'm more concerned about whether cbBTC can hold up. Running a test from November to December for over a month must have cost a lot of gas. Are these three pairs in the Base ecosystem enough to represent everything? That's a bit questionable... During actual trading, is the liquidity really that deep? Probably just theoretical data. Is a testing period of just over a month enough? It seems that cbBTC is the real focus; ETH has been everywhere for a long time. How complete is the data? Has there been testing during extreme market conditions? The more comprehensive the test, the less I want to trust the results. Not really.

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ParallelChainMaxi

· 01-08 15:48

The liquidity data for these three trading pairs in the Base ecosystem has finally been systematically measured. It should have been done this way a long time ago.

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PumpDetector

· 01-08 15:48

ngl base tvl data means nothing if the whale movements aren't aligned... what's the actual sentiment cycle looking like under the surface tho 👀

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FlashLoanLord