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Base, an Ethereum Layer Two blockchain community, has climbed in rankings, turning into the fourth most-traded blockchain community within the international non-fungible token ecosystem. This notable market milestone is probably related to its creator’s latest attraction case victory in opposition to the USA Securities and Trade Fee. Base NFT gross sales quantity has surged over 52% up to now 24 hours.
🚨Information: @coinbase wins attraction in SEC’s 2023 lawsuit accusing it of working as an unregistered trade, declaring SOL and different cryptocurrencies as securities. Case heads to U.S. Court docket of Appeals, with potential industry-wide affect. pic.twitter.com/SobH8tjMN6
— SolanaFloor (@SolanaFloor) January 7, 2025
Base Emerges The 4th High NFT Blockchain Community
Information compiled by CryptoSlam.io, an on-chain crypto market information aggregator and a multi-chain non-fungible token explorer, reveals that the Base blockchain community has surged in buying and selling gross sales quantity. Up to now 24 hours, the Base L2-based NFTs have amassed a buying and selling gross sales quantity of $1.9 million. Throughout this era, Base NFT buying and selling gross sales quantity has climbed by over 52% from the previous day. This exceptional efficiency has pushed the Base Layer Two (L2) blockchain community to develop into the fourth most-traded blockchain community within the NFT market.
Ethereum, a famend peer-to-peer blockchain community popularly recognized within the non-fungible token marketplace for powering most blue-chip NFT collections, is at the moment’s top-traded blockchain community within the NFT market. Up to now 24 hours, the Ethereum-based NFT collections have raised a buying and selling gross sales quantity of $10 million. Throughout this time, the Ethereum NFT buying and selling gross sales quantity has plunged 14.92% from the previous day.
Bitcoin, the identical blockchain community powering the flagship crypto Bitcoin and famend within the NFT marketplace for internet hosting Bitcoin ordinals, Runes, and BRC-20 non-fungible token collections, is at the moment’s second most-traded blockchain community within the NFT ecosystem. Up to now 24 hours, the Bitcoin-based NFT collections have attracted a buying and selling gross sales quantity of $5.1 million. The Bitcoin NFT buying and selling gross sales quantity has surged by 12.97% from the previous day.
Solana, an open-source blockchain that helps good contracts, together with non-fungible tokens and numerous decentralized purposes, is at the moment’s third most-traded blockchain community within the NFT ecosystem. Up to now 24 hours, the Solana-based NFT collections have recorded a buying and selling gross sales quantity of $3.6 million, up 39% from the day past.
Coinbase Wins Attraction In 2023 SEC’s Lawsuit
On January 8, 2025, Katherine Polk Failla, a resident Choose in the USA District Court docket Southern District of New York, granted Coinbase, the corporate behind the Coinbase Crypto Trade and Base Layer Two community, the order for an interlocutory attraction. Coinbase and the USA Securities and Trade Fee entered a standoff in 2023. On the time, the USA crypto regulatory fee accused it of working as an unregistered trade, declaring SOL and different cryptocurrencies as securities.
Lastly we will say goodbye to SEC corruption
— Common Joe Crypto (@AverageJoCrypt0) January 7, 2025
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