Journalist
- Base stablecoins supply reaches $2.3 billion
- Platform maintains third largest TVL market shares.
The stablecoin USDC is now being minted in the United States. The Base The platform has seen a noticeable increase in the supply of its products.
The stablecoin ecosystem has benefited from this development. Recent data shows that the market capitalization of stablecoins has grown substantially.
This surge has led to a rise in Total Value Locked on the platform.
The Native USDC Base crosses $2 billion
Latest data on Token Terminal Highlights a significant surge in volume USDC Base has adopted native stablecoins for supply.
Data shows that USDC has increased significantly in volume, now exceeding $2.2 billion. The chart shows that USDC supply is continuing to increase steadily.
The platform’s stablecoin ecosystem is a major player in the market.
Source: Token Terminal
The Base Stablecoin Market Capitalization and TVL have trended
AMBCrypto examines the The Base The stablecoins market cap shows a constant upward trend, which is mirrored by the increase in USDC supplies.
The stablecoin’s market cap has increased significantly over the past few weeks.
The growth of USDC is closely correlated with this surge, which suggests that USDC represents a large portion of stablecoins on the platform.
In recent weeks, there was a noticeable increase in the TVL (Total Value Locked). Growthepie’s Chart shows that the surge in the market cap of stablecoins began around the time this chart was created.
As of the date this article was written, TVL had surpassed $5.8 billion. The two charts show a trend of increasing volume, which could be expected to continue in the future.
Compare Base to L2s
The comparison of Base’s TVL with that of other Layer 2 platforms shows a significant increase, which has elevated its ranking.
Data from The L2 beats, The Base Base currently has the third largest TVL of all Layer 2 platforms. Base, with a TVL of over $5.8 Billion, is close behind Blast’s TVL, which exceeds $7 Billion.
Base’s TVL press time is responsible for over 14% market share. As of the date of this study, Arbitrage Leading the market, with over 43% of its share.