Crypto News1 MIN READ
CRYPTOBULLISH
Base records $4B in spot Bitcoin trading in July, capturing half of all on-chain volume
FG
FOMOGRAM Editorial Desk
Aug 7, 2026
EXECUTIVE SUMMARY
Base, Coinbase’s Layer-2 network, processed $4.2 billion in on-chain Bitcoin trading in July—exactly half of total on-chain volume. The report evidences a migration away from centralized exchanges to decentralized platforms.
Base, Coinbase’s Layer-2 network, processed $4.2 billion in on-chain Bitcoin trading in July—exactly half of total on-chain volume. The report evidences a migration away from centralized exchanges to decentralized platforms.
FOMOGRAM SENTINEL GRAVITY TELEMETRY
Base’s capturing of half the on-chain BTC spot trading volume indicates liquidity migration that may support a bullish BTC environment.
BTC OVERALL MARKET INDEX: 54 / 100 (NEUTRAL)
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