The Coinbase-developed Ethereum layer-2 network Base achieved a record in stablecoin transaction volume on October 26, briefly surpassing Solana, Ethereum, and Tron. Base accounted for 30.06% of all stablecoin volume, which marked a significant increase, reflecting a growing market share. Following Base, Solana captured 25%, Ethereum 20%, and Tron 16.7%. Jeremy Allaire, CEO of Circle, suggested that if this trend persists, the USD Coin (USDC) could reach an annual run rate of $6.6 trillion based solely on Base's activity. On that same day, Base recorded 5.6 million daily transactions, a 20% rise from the previous month. Historically, Solana has dominated stablecoin transactions, but recently, Base slightly outpaced Solana, reflecting a potential shift in the competitive landscape of blockchain networks. As of currently, Base's market share stands at 20.8%, closely competing with Solana at 20.6%, while Ethereum leads the month with 25.6%.

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