Contents
Share
Quick Take
- 2.27 million transactions took place on Base on March 29.
- Base DEXs set record-high volumes yesterday, with a total 24-hour volume of $657.19 million.
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.
2.27 million transactions took place on Base on March 29 — an all-time high — according to data from a Dune Analytics dashboard created by user @watermeloncrypto.
The surge in daily activity comes after weekly transactions on Base set an all-time high with a count of approximately 9.59 million on March 18. The previous weekly record was roughly 9.3 million in September of last year.
Meanwhile, Base’s weekly network revenue also set an all-time high on March 18, according to the data.
Decentralized exchanges on Base also set record-high volumes yesterday with a total 24-hour volume of $657.19 million, according to data from Defi Llama.
March itself obliterated previous months of DEX activity on Base. According to the data, $6.67 billion has been traded on Base DEXs this month — significantly higher than last month’s $1.26 billion.
THE SCOOP
By signing-up you agree to our Terms of Service and Privacy Policy EMAIL Also receive The Daily and our weekly Data & Insights newsletters – both are FREE By signing-up you agree to our Terms of Service and Privacy Policy
As The Block reported earlier this week, the Base’s total value locked topped $1 billion around the same time Coinbase shared its plans to store more corporate and customer USDC balances on the L2.
Sartoshi airdrops mfercoin to NFT holders
Contributing to activity on Base at the moment is the launch of mfercoin by Sartoshi, the founder of cc0 nonfungible token collection mfers. The mfercoin token was airdropped to mfer NFT holders late last night.
The mfercoin price is currently $0.23 with a self-reported market capitalization of approximately $232 million, according to CoinMarketCap.
Sales of mfer NFTs increased by more than 6000% over the past 24 hours, according to data from CryptoSlam — driving its floor price up significantly to 0.719 ETH on OpenSea.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
TAGS BASE Share
About Author
Adam is the managing editor for Europe, the Middle East and Africa. He is based in central Europe and was a managing editor and podcast host at the crypto exchange OKX’s former research arm, OKX Insights. Before that, he co-founded BeInCrypto.com, which he elevated into one of the leading crypto media brands at its peak as the editor-in-chief. Earlier, he served as the editor-in-chief at Bitcoinist.com. Before joining the blockchain and crypto industry, he worked for Looper.com, Grunge.com and SVG.com. He tweets via @XBT002 and can be emailed at [email protected].
More by Adam James
Bitfinex resolves platform outage after briefly halting trading
March 30, 2024, 4:31AM EDT Exchanges