Base helps NFT minting reach $1.5B ATH – Are 2021 highs close? – BitRss

• NFT minting hit an all-time high of $1.5B in November, with 97% of the volume on Base.
• Base being the largest Ethereum Layer 2 could be why it is dominating NFT minting.

NFT minting soared to a record $1.5 billion in November 2024, with a remarkable 97% of that volume processed on Base. This surge reflected a revival, but can NFTs mirror the peak of 2021-2022?

The extensive adoption of Base for minting indicated its potential to incubate major NFT projects into 2025, suggesting the market could still have room to grow, but not to previous levels.

Base could be poised to catalyze the next wave of major NFT ventures, possibly igniting a new era of market enthusiasm and investment in digital assets.