Coinbase-based Ethereum's second-layer network, Base, briefly became the leader in stablecoin volume, reaching a record number of transactions.
- On October 26, Base took 30.06% of stablecoin volume, overtaking Solana, Ethereum, and Tron.
- Solana - 25%, Ethereum - 20%, Tron - 16.7%.
- Circle CEO Jeremy Allaire noted that if the trend continues, the annual USDC volume on Base will reach $6.6 trillion.
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- USDC - 62% of stablecoin volume, USDT - 30%, DAI - 7.4%.
- Base reached a record 5.6 million transactions per day.
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