Base NFT Trading Volume Surges 70%, Claims Top 3 Spot

August 27, 2025 — Coinbase’s layer-2 network Base has entered the top three blockchains by NFT trading activity after a sharp increase in market momentum. According to data from DappRadar, Base NFT trading volume rose 70% to $47.67 million over the past 30 days, overtaking Immutable and Solana.

Base NFT Trading Volume Rises Above Immutable and Solana

Base, Coinbase’s layer-2 blockchain, has quickly climbed the NFT leaderboard. Data shows Base NFT trading volume hit $47.67 million in the past month, a 70% rise compared to the previous period. This surge pushed Base into third place, surpassing Immutable zkEVM and Solana.

The increase was fueled by several homegrown NFT collections. Get Based, DX Terminal, and Based Style collectively generated around $25 million, underscoring how native projects are shaping the network’s early NFT identity.

Beyond NFTs, Base has become one of the busiest ecosystems in crypto. The chain processed over 27 million transactions in the past 30 days and recorded more than $16 billion in decentralized application (DApp) token transfers.

Ethereum Still Dominates NFT Markets

Despite Base’s growth, Ethereum remains the clear leader. In the same 30-day window, Ethereum recorded $408 million in NFT trading activity. Blue-chip collections such as CryptoPunks, Pudgy Penguins, BAYC, and Lil Pudgys accounted for more than $200 million of that total.

However, floor prices for major Ethereum-based collections have been under pressure. Data from DeFiLlama shows Pudgy Penguins, BAYC, and Doodles all faced double-digit declines, while CryptoPunks remained relatively stable.

Polygon Secures Second Place

Polygon retained its second-place ranking with $62.29 million in trading volume, a 15% rise in the last month. The majority came from Courtyard NFTs, which tokenize real-world assets like collectible trading cards. Courtyard NFTs alone represented $57.65 million, up 21%.

Extra Context

The NFT sector has seen increasing competition among blockchains. While Ethereum remains dominant, layer-2 networks like Base are capturing new users with faster transactions and lower fees. This mirrors trends in DeFi, where Base has also shown strong growth in application activity.

Polygon’s rise highlights the growing link between NFTs and real-world assets (RWAs). Courtyard’s tokenized collectibles show how non-fungible tokens are expanding beyond digital art into new forms of asset representation.

Market volatility remains a challenge. The overall NFT market cap dropped from $8 billion earlier in August to $6.46 billion by late August, reflecting broader pressure across digital assets.

Conclusion

Base NFT trading volume reaching the third spot signals the growing strength of Coinbase’s layer-2 ecosystem. While Ethereum remains far ahead, Base’s rapid ascent shows demand for lower-cost alternatives in NFT trading.