PSA to all traders on Base:
Uniswap on @base has a massive problem right now. A new wave of scams is dominating the volume and blurring how much market share it actually has.
This past week, the volume on these scams has outpaced essentially all other tokens combined.
The issue can be spotted in DEXScreener when sorting by top volume pools.
All except the WETH and cbBTC pools here are honeypot scams.
Most of them have stock tickers, although a few are things Elon has posted about.
They all have charts of fluff volume that repeatdly rug.
Although the token code includes a 100% sell tax, rendering them untradable.
These tokens have taken over Uniswap volume on Base.
Breaking volume down by these honeypots, WETH trading, and every other pair trading on Uniswap on Base, reveals that these 2 dozen pools have consistently outpaced the volume of every other token (outside of WETH-USDC) combined.
Routinely doing $150M+ in daily volume.
As a percentage, their dominance is growing relative to other activity on Uniswap.
A few days they have even represented more than 50% of Uniswap's volume on the chain.
This is skewing Uniswap's metrics.
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