Coinbase’s layer-2 network Base has achieved a remarkable milestone, securing the third position in global NFT trading volume according to latest DappRadar data. This impressive surge demonstrates Base’s growing dominance in the digital collectibles market.
Base NFT Volume Surges 70% in 30 Days
DappRadar’s comprehensive data reveals Base’s extraordinary performance. The network recorded $47.67 million in NFT trading volume, representing a massive 70% increase over the past month. Consequently, Base now ranks above established competitors including Immutable zkEVM and Solana.
Key Drivers Behind Base’s NFT Success
Several factors contributed to this significant growth:
- Get Based collection generated substantial trading activity
- DX Terminal NFTs attracted considerable investor interest
- Based Style collectibles drove consistent volume
These collections collectively accounted for approximately $25 million in trading volume.
Ethereum Maintains NFT Market Dominance
Despite Base’s impressive growth, Ethereum continues to lead the NFT market decisively. The network recorded over $400 million in trading volume during the same period. Major collections including:
- CryptoPunks
- Pudgy Penguins
- Bored Ape Yacht Club
- Moonbirds
- Lil Pudgys
collectively generated over $200 million in trading volume.
Polygon Secures Second Position
Polygon maintained its strong position with $62.29 million in NFT volume, representing a 15% increase. Courtyard NFTs, which tokenize real-world assets like trading cards, dominated Polygon’s activity with $57.65 million in volume.
Base’s Overall Ecosystem Growth
Beyond NFT trading, Base demonstrates robust ecosystem health. The network processed over 27 million transactions and recorded more than $16 billion in decentralized application volume during the 30-day period.
Market Trends and Analysis
Interestingly, this volume surge occurred despite declining floor prices across blue-chip Ethereum collections. Major collections experienced double-digit percentage drops, though CryptoPunks remained relatively stable with less than 2% decline.
Frequently Asked Questions
What caused Base’s NFT volume surge?
Base’s 70% volume increase was primarily driven by popular collections like Get Based, DX Terminal, and Based Style, which collectively generated about $25 million in trading activity.
How does Base compare to Ethereum in NFT volume?
While Base achieved $47.67 million in volume, Ethereum remains dominant with over $400 million in NFT trading volume during the same period.
Which collections drove Ethereum’s NFT volume?
CryptoPunks, Pudgy Penguins, Moonbirds, Bored Ape Yacht Club, and Lil Pudgys were the main drivers, collectively accounting for over $200 million in volume.
What is Polygon’s position in NFT trading?
Polygon maintains second position with $62.29 million in volume, largely driven by Courtyard NFTs representing tokenized real-world assets.
How has the overall NFT market performed?
The market shows mixed signals with volume increases on some networks but declining floor prices for many blue-chip Ethereum collections.
What does Base’s growth indicate for layer-2 solutions?
Base’s performance demonstrates the growing importance and capability of layer-2 networks in handling significant NFT trading volume and activity.
