TechFlow reports, citing Cointelegraph, that on October 26, Base—the Ethereum Layer 2 network—reached a record high of 30.06% market share in stablecoin transaction volume, temporarily surpassing major blockchains such as Solana, Ethereum, and Tron. According to data from Artemis Terminal, Solana held 25%, Ethereum 20%, and Tron 16.7% on the same day.
On that day, USDC accounted for 62% of stablecoin transactions on Base, USDT for 30%, and the algorithmic stablecoin DAI for 7.4%. Circle CEO Jeremy Allaire stated that if this trend continues, the annualized transaction volume of USDC alone on Base could reach $6.6 trillion.
On the same day, daily transaction volume on Base also hit a record high of 5.6 million, a 20% increase from the previous month. At the time of writing, Base's stablecoin transaction volume market share for October stands at 20.8%, comparable to Solana's 20.6%, but still below Ethereum's 25.6%.
