Base transactions and DEX volumes reach new all-time highs

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By Harper Lee

Published 1 minute ago on

Activity on the layer-two blockchain incubated by Coinbase remains hot as March closes, with daily transactions and transaction volumes reaching record levels.

2.27 million transactions took place on Base on March 29 – an all-time record – according to data from a Dune Analytics dashboard created by user @watermeloncrypto.

The increase in daily activity comes after weekly transactions on Base hit an all-time high of around 9.59 million on March 18. The previous weekly high was around 9.3 million in September last year.

Meanwhile, Base network’s weekly revenue also hit a record high on March 18, data showed.

Decentralized exchanges on Base also set record volumes yesterday with a total 24-hour volume of $657.19 million, according to data of Llama Challenge.

March itself wiped out previous months of DEX activity on base. According to the data, $6.67 billion was 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 surpassed $1 billion around the same time Coinbase shared plans to store more enterprise and customer USDC balances on the L2.

Sartoshi sends mfercoin to NFT holders

Contributing to the activity on base at this time is the launch of mfercoin by Sartoshi, the founder of the cc0 mfers non-fungible token collection. The mfercoin token was airdropped to mfer NFT holders late last night.

The price of mfercoin is currently $0.23 with a self-reported market cap of approximately $232 million, according to CoinMarketCap.

mfer NFT sales increased by over 6,000% in the last 24 hours, according to data from CryptoSlam – significantly increasing its floor price to 0.719 ETH on OpenSea.

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© 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.

About the Author

Adam is editor-in-chief for Europe, the Middle East and Africa. He is based in Central Europe and was an editor and podcast host at crypto exchange OKX’s former research arm, OKX Insights. Before that, he co-founded, which he grew into one of the leading crypto media brands during his peak as editor-in-chief. Previously, he was the editor-in-chief of Before joining the blockchain and crypto industry, he worked for, and He tweets via @XBT002 and can be emailed at [email protected].

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