According to Foresight News, The Block reported that Coinbase's total revenue in the second quarter was $1.45 billion, down 11% from the previous quarter. User transaction revenue was $665 million, down 29% from the previous quarter. Solana accounted for 10% of Coinbase's total user transaction revenue. Net profit fell to $36 million from nearly $1.2 billion in the first quarter. Stablecoin revenue increased to $240.4 million from $197.3 million in the previous quarter.