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Coinbase’s Layer-2 blockchain Base has taken a big leap in the NFT market, securing the third spot in global 30-day NFT trading volume.
In brief
- Coinbase’s Layer-2 Base has jumped to 3rd place in global NFT trading volume with $47.67M over 30 days (+70%).
- Growth driven by Get Based, DX Terminal, Based Style (~$25M combined).
- Analysts see Base continuing to gain share from Solana and Immutable if momentum holds.
Base’s 70% surge in NFT volume
Over the last month, Base recorded $47.67 million in NFT trading volume, completing a 70% surge that pushed it past competitors like Immutable zkEVM and Solana, which now rank fourth and fifth, respectively.
The surge was largely driven by collections like Get Based, DX Terminal, and Based Style, which together accounted for nearly $25 million in volume. Beyond NFTs, Base has also become one of the busiest ecosystems overall: in the past 30 days, the network processed 27 million transactions and more than $16 billion in dApp volume.
Ethereum still dominant
Despite Base’s momentum, Ethereum remains the NFT market leader, logging $408 million in trading volume in the same period. Blue-chip collections like CryptoPunks, Pudgy Penguins, Moonbirds, BAYC, and Lil Pudgys generated over $200 million in combined activity. However, this dominance comes against a backdrop of declining floor prices.
Polygon continues to hold second place with $62.29 million in 30-day NFT volume, up 15% on the month. Interestingly, most of this growth came from Courtyard NFTs, a project tokenizing real-world assets like trading cards, which alone contributed $57.65 million, up 21%.
NFT market outlook
The competition among Ethereum, Polygon, and Base underscores the shifting dynamics of NFT adoption. With Base rapidly climbing the ranks and diversifying its ecosystem activity, analysts suggest it could continue to eat into Solana and Immutable’s market share if growth remains steady.
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I’ve been passionate about crypto for nearly a decade, ever since I was young and first became curious about investing. That early spark led me to years of research, writing, and exploring the future of decentralized tech.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.