Surprisingly, decentralized exchange (DEX) trading volumes have not fallen as precipitously as prices. Yesterday's total volume across platforms was $75 million – multiples higher than the fall of 2023 and in line with Q1 2024's average daily levels.

Solana and BASE have maintained relatively robust volumes, while Ethereum continues struggling. Pockets of strength emerged in tokens like NAI (arguably the best new launch), RUNIC, BYTE (doubling in 24 hours), and RB tapping new all-time highs of around $30 million.

FUNGI, a Base-native project, also rallied 30% over the past day as traders sought out potential "make it all back" trades amid the broader sell-off.