March obliterated previous months of DEX activity on Base, with $6.67 billion having been traded this month.
Activity on the Coinbase-incubated layer two blockchain Base remains hot as March nears its close, with daily transactions and trading volumes surging to record highs.
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. 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.
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.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.
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