Base transactions and DEX volumes surge to new all-time highs
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.
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.
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 content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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