Base Overtakes Ethereum With $164B Stablecoin Volume

Base has surged to the top of all blockchains in daily stablecoin transaction volume, recording $164 billion in activity in the latest data.

The spike places it well ahead of Ethereum, Solana, Tron, and BNB in recent daily flows.

Base Pulls Far Ahead of Competitors

According to the latest figures, Base processed $164 billion in daily stablecoin transactions. In comparison, Ethereum recorded roughly $50 billion, Solana handled about $25.7 billion, Tron processed $17 billion, and BNB saw approximately $8 billion.

The gap is significant. Base’s daily volume was more than three times Ethereum’s and over six times Solana’s during the same period. The chart also shows that Base has consistently led volume since early January, with multiple spikes pushing above $200 billion before settling near the latest $164 billion reading.

What the Surge Suggests

Stablecoin transaction volume often serves as a proxy for real economic activity on-chain, including trading, transfers, arbitrage, and DeFi interactions. A sharp rise in volume can indicate growing usage, liquidity migration, or increased trading flows concentrated on a specific network.

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Base’s dominance in this metric suggests that capital is actively moving through the network at scale. Meanwhile, Ethereum continues to show steady but comparatively lower volumes, and Solana and Tron remain active but significantly behind Base in the latest snapshot.

While daily figures can fluctuate, the structural shift in stablecoin activity toward Base stands out. If sustained, this trend could reinforce Base’s positioning as a major liquidity hub within the broader digital asset ecosystem.

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