Base’s new token standard just crossed a milestone that took some entire blockchains years to reach. B20 tokens, the native token format introduced during Base’s Beryl upgrade, have now surpassed $1 billion in cumulative decentralized exchange trading volume, according to Dune Analytics data.
The exact figure sits at approximately $1.051 billion, achieved in roughly two months since the standard’s launch on June 25, 2026.
Memecoins did the heavy lifting
Roughly 83.7% of B20 DEX volume over a recent 30-day span came from memecoin launchpads. So for every dollar of “serious” trading activity, about four dollars were people gambling on dog-themed tokens and their various cousins.
The first B20 trades appeared around July 8, 2026, roughly two weeks after the Beryl upgrade went live. By late July, the ecosystem had already spawned over 19,000 unique tokens and attracted approximately 180,000 holders. That first trading day alone saw about $207 million in volume.
