Coinbase’s Base network jumped 70% in NFT volume, surpassing Solana in the last 30 days.
- Base hit $47.67 million in NFT trading volume this month.
- The network processed over 27 million transactions.
- Ethereum still leads with over $400 million in NFT trades.
Base Climbs to Top Three in NFT Trading
Base, a layer-2 network built by Coinbase, rose to the third spot in non-fungible token (NFT) trading volume. In the past 30 days, NFT trades on Base reached $47.67 million, up 70% from the previous month. This puts Base ahead of Solana and Immutable zkEVM in the NFT space.
Top Collections Boost Base’s Activity
Much of this growth comes from a few popular digital collectible series. Projects like Get Based, DX Terminal, and Based Style were responsible for nearly $25 million of the NFT volume. These collections attracted more users and boosted interest in the Base network.
Network Activity Also On the Rise
It’s not just NFT trading that’s growing. Base saw over 27 million transactions in the last 30 days. The total value traded through decentralized apps (DApps) on Base reached $16 billion during the same period. This makes it one of the most active Ethereum layer-2 networks today.
Ethereum Still Holds the Top Spot
Despite Base’s fast growth, Ethereum remains the largest blockchain for NFTs. It recorded $408 million in NFT trades over the past month. Collections like CryptoPunks, Pudgy Penguins, Moonbirds, and Bored Ape Yacht Club (BAYC) made up over $200 million in volume combined.
Market Slowdown in Blue-Chip NFTs
Even with high volumes, top Ethereum NFT collections have seen price drops. Data from DeFiLlama shows floor prices for collections like BAYC, Doodles, and Pudgy Penguins fell by double-digit percentages. CryptoPunks stayed more stable, with only a small 2% drop.
Polygon Holds Second Place in Volume
Polygon is still the second most active blockchain for NFTs. It had $62.29 million in trades, up 15% in 30 days. A lot of this came from Courtyard NFTs, which had $57.65 million in trades by offering real-world asset (RWA) NFTs like trading cards.
Source: cointelegraph.com
