web3.0Coinbase's Ethereum layer-2 network, Base, briefly became the top blockchain for stablecoin transactionsCoinbase's Ethereum layer-2 network, Base, briefly became the top blockchain for stablecoin transactions
Coinbase’s Ethereum layer-2 network, Base, briefly became the top blockchain for stablecoin transactions, claiming a 30.06% market share
Coinbase’s layer-2 network for Ethereum, Base, had a brief stint as the leading blockchain for stablecoin transactions. According to data from Artemis Terminal, Base processed over $18.1 billion in volume, claiming 30.06% of the market share on Feb. 23.
Solana followed closely behind Base with 25% of the stablecoin volume, while Ethereum and Tron also had significant portions with 20% and 16.7%, respectively.
As Base continues to attract attention, Circle CEO Jeremy Allaire highlighted its potential impact on USD Coin (USDC).
"If this Base stablecoin volume continues, pro-rated USDC volume on Base alone is now annualized at $6.6 trillion," stated Allaire.
On that particular day, USDC maintained its dominance in the stablecoin market, accounting for 62% of the total volume. Tether (USDT) came in second with 30%, and the decentralized algorithmic stablecoin DAI closed out the top three with 7.4%.
Meanwhile, Base also saw a surge in activity, reaching a new all-time high of 5.6 million daily transactions. This marks a 20% increase over the past month, according to Dune Analytics.
Interestingly, Solana has historically led the way in terms of stablecoin transactions, often commanding around 60% of the market. But Base is rapidly catching up, currently holding a stablecoin market share of 20.8% this month, just ahead of Solana's 20.6%.
As the dust settles, Ethereum still maintains the lead with 25.6%. However, Base's growth is certainly positioning it to become a major player in the crypto landscape.
Related: Coinbase to Delist Non-Compliant Stablecoins by 2024
The above is the detailed content of Coinbase's Ethereum layer-2 network, Base, briefly became the top blockchain for stablecoin transactions. For more information, please follow other related articles on the PHP Chinese website!
title: Hyperliquid (HYPE) Dominates the Decentralized Perpetual Futures Trading Market, Capturing Nearly 80% of DEX VolumeApr 21, 2025 am 11:22 AMA prominent crypto analytics firm says the layer-1 blockchain Hyperliquid (HYPE) is dominating the decentralized perpetual futures trading market.
Binance officially announced: On April 11, the collateral rate of multiple cryptocurrencies will be adjusted againApr 21, 2025 am 11:21 AMBinance has adjusted the collateral ratio of several assets, involving FLOW, COMP, etc., which has generally declined. 1. FLOW and COMP have been reduced from 80% to 70%. 2. 1INCH dropped from 70% to 65%. The move is designed to manage risks and ensure market stability, and investors need to adjust their positions to cope with increased margin requirements and potential forced closing risks.
DOGE Hits $0.1500 Wall, SHIB Whales Accumulate 874B, BlockDAG X1 Miner Tops 1M Users & $215M PresaleApr 21, 2025 am 11:20 AMCrypto markets continue to swing, with meme coins under pressure and mining-focused platforms gaining traction. The Dogecoin (DOGE) price is testing a strong resistance level
How Many Ethereum Holders Are in Profit?Apr 21, 2025 am 11:18 AMEthereum, the second-largest cryptocurrency by market capitalization, continues to be an attractive investment for many in the crypto community.
How to distinguish between altcoins and mainstream coins? Which one is more worth investing in? Learn about the coin circle in one articleApr 21, 2025 am 11:18 AMThe difference between altcoins and mainstream coins is mainly reflected in: 1. Market value and liquidity: The mainstream currency has a large market value and strong liquidity; the altcoins have a small market value and poor liquidity. 2. Technology and innovation: The mainstream currency technology is mature and has extensive innovation; innovation or replication based on altcoin technology. 3. Application scenarios and communities: mainstream coins are widely used and active in the community; altcoins are narrow and small in the community. Investment choices require risk tolerance and goals.
Ruvi AI: The Perfect Blend of Blockchain and AIApr 21, 2025 am 11:16 AMThe world of crypto never sleeps and recent news around Solana and Cardano has got everyone buzzing.
Which platform is better, online buying or selling coins? Newbie GuideApr 21, 2025 am 11:15 AMThe comprehensive platforms suitable for mainstream currency trading are: 1. Binance has the advantage of the world's largest trading volume, supporting 360 currencies, suitable for high-frequency traders; 2. OKX has the advantage of being an Asian compliance benchmark, suitable for conservative investors; 3. Gate.io has the advantage of supporting 3800 currencies, suitable for small currency hunters.
An intriguing tremor is sweeping through the cryptocurrency landscape as the TRUMP token on the Solana blockchain edges towards a colossal token unlock.Apr 21, 2025 am 11:14 AMThis token, inspired by the ex-president, stirs curiosity and trepidation in equal measure. What lies on the horizon is the release of 40 million TRUMP tokens into the market
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.
SublimeText3 English version
Recommended: Win version, supports code prompts!
SublimeText3 Chinese version
Chinese version, very easy to use
VSCode Windows 64-bit Download
A free and powerful IDE editor launched by Microsoft
DVWA
Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software
