Coinbase's Layer 2 network Base has seen a 70% increase in NFT trading volume over the past 30 days, ranking third in non-fungible token (NFT) trading volume.
According to data from the decentralized application data aggregation platform DappRadar, Base's NFT trading volume reached $47.67 million, a 70% increase from last month. This growth has allowed the network to surpass many competitors in the NFT space, including Immutable zkEVM, which ranks fourth in trading volume over the past 30 days, and Solana (SOL), which ranks fifth.
NFT series such as Get Based, DX Terminal, and Based Style collectively achieved approximately $25 million in trading volume, further enhancing the activity of NFT trading on the network.
In addition to NFT trading volume, data shows that Base also ranks high in overall ecosystem activity. Over the past 30 days, the network processed more than 27 million transactions, with a total trading volume of over $16 billion for decentralized applications (DApps), which is the total amount of token transfers across all DApps on the network.
Despite Base's strong performance, Ethereum (ETH) remains the most dominant network in the NFT space. DappRadar data shows that Ethereum (ETH) NFT trading volume reached $408 million over the past 30 days.
NFT series such as CryptoPunks, Pudgy Penguins, Moonbirds, Bored Ape Yacht Club (BAYC), and Lil Pudgys led trading activity on Ethereum (ETH), with a total trading volume exceeding $200 million.
However, recently the floor prices of blue-chip NFT series have declined. On Tuesday, DefiLlama data indicated that the floor prices of top NFT series on Ethereum (ETH) have dropped. Pudgy Penguins, BAYC, and Doodles all experienced double-digit percentage declines.
During the same period, the floor price of CryptoPunks remained relatively stable, with a decline of less than 2%.
Polygon continues to hold the second position in NFT trading volume over the past 30 days, with a trading volume of $62.29 million, a 15% increase from the previous 30 days.
Courtyard NFTs, representing tokenized versions of real-world assets (RWA) such as trading cards, account for a significant portion of Polygon's NFT trading volume. The trading volume for Courtyard NFTs was $57.65 million, growing by 21% over the past 30 days.
Related: Ripple (XRP) open interest declines by 30%, potential buying range below $2.50
Original article: “DappRadar data shows Base chain NFT trading volume jumps to third place in 30 days”
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