Oct 29, 03:44 AM

Coinbase's Base Blockchain Surpasses $18.1B in Stablecoin Transfers, Accounting for 30% of Total Transactions

On October 26, 2024, Coinbase’s Base Ethereum Layer 2 blockchain achieved a historic milestone by leading all blockchain networks in total stablecoin transfer volume for the first time. The platform processed over $18.1 billion in stablecoin transactions, with 99.9% of this volume in USDC, representing more than 30% of the total stablecoin transaction volume that day. This surge in activity highlights Base's growing prominence in the cryptocurrency market, as it surpassed major competitors including Ethereum, Solana, and Tron. In October alone, Base recorded a total stablecoin volume of $3.75 billion, indicating a significant increase in its market presence.

#Coinbase #Base #Ethereum #Solana #Tron

Written with ChatGPT (GPT-4o mini).