Less than a week since its launch, Base has emerged as one of the top Ethereum Virtual Machine (EVM) chains for NFT transfers.
For both the ERC-721 and ERC-1155 NFT standards, Base is now the third most popular EVM by transfer volume.
Base NFT Tranfers Surge Past Arbitrum, Avalanche, and Optimism
Since the launch of the Base Mainnet on August. 9, the new L2 has clocked hundreds of thousands of daily users. Moreover, the total value locked (TVL) on the chain has surged to nearly $200 million. And, of course, all those new users aren’t just transferring crypto to Base for fun.
NFT transfer volumes on the network have risen above those seen on alternatives, including Arbitrum, Avalanche, Optimism, and those that take place directly on Ethereum.
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In fact, in recent days, only Polygon and BNB have recorded more ERC-721 and ERC-1155 transfers than Base.
On the day of its public launch, ERC-721 transfers on Base rose above 100,000 for the first time. By the next day, they had soared to 165,00, accounting for 14.2% of all transfers that day.
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Author: James Morales
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