Record-breaking activity has been reported on the Base blockchain, a layer two platform developed under Coinbase’s wing, as it approaches the end of March. Data revealed by Dune Analytics shows a staggering 2.27 million transactions on March 29 alone, setting a new daily record. This surge follows a week of unprecedented activity, with around 9.59 million transactions documented on March 18, surpassing the previous weekly high of 9.3 million transactions last September. The same period also witnessed an all-time high in weekly network revenue.

Additionally, decentralized exchanges (DEXs) on Base achieved remarkable trading volumes, hitting a 24-hour record of $657.19 million, as per Defi Llama’s data. The entire month of March saw DEXs on Base trading over $6.67 billion, a significant leap from February’s $1.26 billion. This flurry of activity coincides with Base’s total value locked exceeding $1 billion, following Coinbase’s announcement to allocate more USDC balances to the L2, highlighting a growing confidence and investment in the platform’s potential.

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