Coinbase Layer-2 Network Base has won the third spot in inappropriate token (NFT) trading volume after a 70% surge in the last 30 days.
Distributed application data aggregator Dappradar showed Base’s NFT volume reached $47.67 million, an increase of 70% over the past month. This increase has pushed the network ahead of many competitors in the NFT space, including the unchanging Zkevm and Solana, which rank from 4th to 5th in the 30-day volume.
Collections such as Get Based, DX Terminal, and Base Styles collectively recorded approximately $25 million in NFT trading volume, driving a surge in digital collection trading activity on the network.
In addition to the amount of NFT, the data showed that the base has become one of the busiest ecosystems with overall activity. Over the past 30 days, the network has processed over 27 million transactions and has acquired more than $16 billion in distributed application (DAPP) volumes. This is a total token transfer across DAPPs in the network.
Top blockchain with 30 days of NFT volume. Source: Dappradar
Ethereum recorded more than $400 million in NFT trading volume
Bases may be on the rise, but Ethereum remains the most dominant network of NFTs. Dappradar data showed that Ethereum has recorded a trading volume of $408 million over the last 30 days.
Cryptopunks, Pudgy Penguins, Moonbirds, The Bedored Ape Yacht Club (Bayc) and Lil Pudgys led NFT trading activities at Ethereum, recording trading volumes of over $200 million.
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Bed prices have been reduced in the Blue Chip NFT Collection
This happened despite the recent slump in floor prices across the Blue Chip collection. On Tuesday, Defillama data showed NFT floor prices for top collections based on Ethereum had fallen. Pudgy Penguin, Bayc and Doodles all saw a double-digit percentage decline.
The crypto plant remained stable with floor prices under 2% over the same period.
Polygons remained the second largest network in 30-day trading volume. The chain’s volume was $62.29 million, an increase of 15% over the past 30 days.
Courtyard NFTS, which represents tokenized versions of real world assets (RWAS), like training cards, accounted for the majority of the NFT volumes of polygons. Courtyard NFTS was $57.65 million, up 21% over the past 30 days.
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