Hot Take: Base Blockchain Sees Record Highs in Transactions and Trading Volumes in March
Activity on the Coinbase-incubated layer two blockchain Base remains hot as March nears its close, with daily transactions and trading volumes surging to record highs.
Base Blockchain Surpasses All-Time High in Daily Transactions
- 2.27 million transactions took place on Base on March 29, an all-time high.
- The surge in daily activity follows a previous weekly record of approximately 9.59 million transactions on March 18.
- The previous weekly record stood at about 9.3 million in September of the prior year.
Weekly Network Revenue Reaches All-Time High
- Base’s weekly network revenue also hit an all-time high on March 18, according to the data.
Decentralized Exchanges on Base Report Record Volumes
- Decentralized exchanges on Base recorded a total 24-hour volume of $657.19 million yesterday.
- In March, $6.67 billion has been traded on Base DEXs, a significant increase compared to last month’s $1.26 billion.
Sartoshi Airdrops mfercoin to NFT Holders
- Sartoshi, the founder of cc0 nonfungible token collection mfers, launched mfercoin on Base, airdropping it to mfer NFT holders late last night.
- The current price of mfercoin is $0.23 with a self-reported market capitalization of around $232 million.
Sales of mfer NFTs skyrocketed by over 6000% in the past 24 hours, leading to a significant increase in its floor price to 0.719 ETH on OpenSea.
Base Blockchain’s Total Value Locked Exceeds $1 Billion
- Base’s total value locked surpassed $1 billion as Coinbase announced its plans to store more corporate and customer USDC balances on the L2.
March Sees Unprecedented DEX Activity on Base
- March witnessed a surge in DEX activity on Base, with $6.67 billion traded on Base DEXs, significantly higher than the previous month’s $1.26 billion.
Base Blockchain Continues to Gain Momentum
As Base blockchain maintains its upward trajectory in terms of transaction volumes, network revenue, and DEX activity, the platform’s growth and adoption show no signs of slowing down.
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