Daily transactions and trade volumes on the layer two blockchain Base, incubated by Coinbase, have been experiencing significant growth as March nears its end. Recent statistics from a Dune Analytics dashboard revealed that Base reached an all-time high of 2.27 million transactions on March 29.

Additionally, the weekly transaction count on Base peaked over 9.59 million on March 18, driving increased daily activity. This surpassed the previous record of 9.3 million transactions set in September of last year.

DeFi activity on Base also surged, with the weekly network revenue hitting an all-time high on March 18. Data from DefiLlama showed that decentralized exchanges on Base achieved record-breaking 24-hour trading volumes, totaling $657.19 million.

March showed remarkable growth in Base's DEX activity compared to previous months. Trading on Base DEXs for this month totaled $6.67 billion, a significant increase from $1.26 billion the previous month. The total value locked into Base exceeded $1 billion earlier in the week, coinciding with Coinbase's announcement of adding more USDC holdings to the L2 network.

Moreover, the launch of mfercoin by Sartoshi, creator of the cc0 non-fungible token collection mfers, contributed to the heightened activity on Base. Owners of mfer NFTs received an airdrop of the mfercoin token, leading to a 600% surge in mfer NFT sales in the last 24 hours, raising the floor price to 0.719 ETH on OpenSea.

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