Base, the layer-2 network operated by Coinbase, has surged to the third position in non-fungible token (NFT) trading volume, marking a significant shift in the decentralized digital asset landscape. According to data from DappRadar, Base recorded $47.67 million in NFT trading volume over the past 30 days, a 70% increase that propelled it ahead of competing platforms such as Immutable zkEVM and Solana [1]. This achievement underscores the network’s growing appeal among NFT traders and developers, who are drawn to its low transaction fees and integration with Coinbase’s ecosystem [2].

The surge in activity on Base has been driven by several high-performing NFT collections. Get Based, DX Terminal, and Based Style collectively accounted for approximately $25 million in trading volume, demonstrating strong community engagement and innovation within the platform [1]. These collections are not only attracting new users but also contributing to the broader adoption of NFTs in the Base ecosystem.

Beyond NFTs, Base has shown robust growth in overall decentralized application (DApp) activity. In the past 30 days, the network processed over 27 million transactions and generated more than $16 billion in DApp volume [1]. This growth indicates that Base is evolving into a more comprehensive blockchain platform, capable of supporting a wide range of applications beyond NFTs. The network’s ability to handle a high volume of transactions while maintaining low fees positions it as a scalable solution for both developers and end users.

Despite Base’s impressive performance, Ethereum remains the dominant force in the NFT space. In the same 30-day period, Ethereum recorded $408 million in NFT trading volume, driven largely by blue-chip collections such as CryptoPunks, Pudgy Penguins, and the Bored Ape Yacht Club (BAYC) [1]. However, while Ethereum leads in total volume, it has faced recent challenges, including a decline in floor prices for several top NFT collections. Data from DefiLlama showed that floor prices for projects like Pudgy Penguins and BAYC experienced double-digit percentage drops [1]. This trend has raised concerns among investors, who are now closely monitoring the market for signs of stabilization or further correction.

Polygon, another major player in the NFT space, maintained its position as the second-largest network by 30-day trading volume, with $62.29 million in NFT activity. Much of this volume came from Courtyard NFTs, which represent tokenized versions of real-world assets such as trading cards. Courtyard NFTs alone accounted for $57.65 million in volume, a 21% increase over the previous month [1]. This growth highlights the expanding role of tokenized assets in the NFT market and suggests that Polygon’s strategy of bridging digital and physical ownership is resonating with users.

As Base continues to gain traction, it is increasingly viewed as a bridge to mainstream adoption of blockchain technology. The platform’s rapid acceleration in both NFT and DApp activity signals a shift in how users and developers are approaching layer-2 solutions. With its strong integration with Coinbase and a growing ecosystem of developers and community members, Base is positioning itself not just as an alternative to Ethereum, but as a central hub for the next wave of Web3 development and technological innovation [2].

Source: [1] Base claims top 3 spot in 30-day NFT volume: DappRadar (https://cointelegraph.com/news/base-third-nft-trading-volume-over-solana-30-days)

[2] Base Strengthens Position in Web3 With Explosive NFT (https://crypto-economy.com/base-strengthens-position-in-web3-with-explosive-nft-and-dapp-growth/)