Base’s 70% NFT Volume Spike May Lift It Above Immutable and Solana While Ethereum Still Leads With $408M

Base, the layer-2 network operated by Coinbase, has experienced a significant surge in NFT trading activity, climbing to third place in 30-day NFT trading volume. According to data from DappRadar, the network recorded $47.67 million in NFT trading volume over the past month, a 70% increase compared to the previous period. This performance has placed Base ahead of competitors like Immutable zkEVM and Solana, which currently rank fourth and fifth in the same metric [2].

The surge in NFT trading on Base has been driven by several high-profile NFT collections, including Get Based, DX Terminal, and Based Style, which collectively accounted for approximately $25 million in trading volume. This has contributed to the overall vibrancy of the Base ecosystem, which has processed over 27 million transactions and recorded more than $16 billion in decentralized application (DApp) volume in the last 30 days [2].

Despite Base’s impressive growth, Ethereum remains the dominant force in the NFT market. Over the same 30-day period, Ethereum recorded $408 million in NFT trading volume, significantly outpacing Base. Blue-chip collections such as CryptoPunks, Pudgy Penguins, Bored Ape Yacht Club (BAYC), and Lil Pudgys collectively accounted for over $200 million of this volume. However, the recent Ethereum price correction has also impacted NFT floor prices across many of these top collections. Data from DeFiLlama indicates double-digit percentage declines in floor prices for projects like Pudgy Penguins, BAYC, and Doodles [3].

Polygon remains the second-largest NFT trading network by 30-day volume, with $62.29 million in transactions, an increase of 15% over the same period last month. A significant portion of this volume has come from Courtyard NFTs, which represent tokenized versions of real-world assets such as trading cards. Courtyard NFTs accounted for $57.65 million in volume, up 21% in the last 30 days [2].

The NFT market as a whole is currently experiencing a period of volatility. According to CoinGecko, the total NFT market cap has fallen to $6.46 billion, down from $8 billion on August 18. Over the last 24 hours, the total daily NFT sales volume reached $19.8 million, with Ethereum accounting for a large share of the activity. Sales on Ethereum alone hit $12.88 million in the last 24 hours, an increase of 48.51% compared to the previous period [3].

While Base continues to gain traction in the NFT space, its long-term success will depend on the sustainability of its ecosystem and the continued growth of NFT activity on its network. The network’s ability to attract and retain top NFT collections and developers will be key to maintaining its position and potentially overtaking other layer-2 solutions in the near future [2].

Source: [1] Base AI Ecosystem (https://nftevening.com/base-ai-ecosystem/) [2] Base claims top 3 spot in 30-day NFT volume: DappRadar (https://cointelegraph.com/news/base-third-nft-trading-volume-over-solana-30-days) [3] Top NFT collections endure double-digit dips as ETH falls … (https://www.mitrade.com/insights/news/live-news/article-3-1070381-20250826)