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Home»ADOPTION NEWS»Native and DEX trading volumes reached all-time highs.
ADOPTION NEWS

Native and DEX trading volumes reached all-time highs.

By Crypto FlexsMarch 30, 20243 Mins Read
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Native and DEX trading volumes reached all-time highs.
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Posted 1 minute ago In ~

Activity on the Coinbase-fostered Layer 2 blockchain base remains hot as March closes. Daily trading volume and volume reached record highs.

Data from the Dune Analytics dashboard created by user @watermeloncrypto shows that Base saw an all-time high of 2.27 million transactions on March 29.

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

Meanwhile, weekly network revenue on the base also hit an all-time high on March 18, according to the data.

Base’s decentralized exchange recorded its highest ever trading volume yesterday with total 24-hour volume of $657.19 million, according to data from Defi Llama.

March itself wiped out the previous month’s DEX activity on Base. According to the data, $6.67 billion was traded on the Base DEX this month, compared to $1.26 billion last month.

As The Block reported earlier this week, the total value of Base surpassed $1 billion at the same time Coinbase shared its plans to store more corporate and customer USDC balances on L2.

Sartoshi airdrops mfercoin to NFT holders.

What is currently contributing to Base activities is start cc0 is mfercoin created by Sartoshi, founder of mfers, a collection of non-fungible tokens. mfercoin tokens were airdropped late last night to mfer NFT holders.

According to CoinMarketCap, mfercoin price is currently $0.23 and its self-reported market capitalization is approximately $232 million.

According to data from CryptoSlam, sales of mfer NFTs have increased by more than 6000% in the last 24 hours, pushing the lowest price to 0.719 ETH on OpenSea.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Adam is Editor-in-Chief for Europe, Middle East and Africa. He lives in Central Europe and is the editor-in-chief and podcast host at OKX Insights, the former research arm of cryptocurrency exchange OKX. Prior to that, he co-founded and served as Editor-in-Chief of BeInCrypto.com, growing it into one of the leading cryptocurrency media brands. He previously served as Editor-in-Chief of Bitcoinist.com. Before joining the blockchain and cryptocurrency industry, he worked at Looper.com, Grunge.com, and SVG.com. He tweets at @XBT002 and can be emailed at (email protected).

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