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Base

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Layer 2 (Ethereum)EVMbridged to Ethereum

Coinbase's Ethereum L2 built on the OP Stack. Fastest-growing L2 for stablecoins, driven by USDC native issuance and Coinbase ecosystem.

Stablecoin supply
$5.1B 1.71% of networks covered
Rank by supply
6 of 30 covered
Coins on this chain
45 18 above $1M
Largest coin's share
84.9% USDC
Concentration (HHI)
7,273 of 10,000
01

The mix

45 coins · HHI 7,273

Top coin — the largest coin's share of this chain's stablecoin supply. HHI — Herfindahl-Hirschman Index, the sum of squared percentage shares on a 0–10,000 scale, the same definition published for the market-wide concentration series. Both are computed over every coin with supply on the chain, not only those listed below. A chain's concentration measure describes only its stablecoin mix. It does not indicate the security of the chain or the soundness of the issuers represented on it.

# Stablecoin Type Supply on Base
1 USDCUSD Coin Fiat $4.3B
2 USDeEthena USDe Crypto $352M
3 rwaUSDiMultipli rwaUSDi Crypto $147M
4 OUSDOpen USD Fiat $90M
5 cgUSDCygnus Finance Global USD Fiat $76M
6 EUSDElectronic USD Crypto $18M
7 MSUSDMetronome Synth USD Crypto $16M
8 PINTOPinto Crypto $11M
9 USDVValtorum USD Fiat $10M
10 apxUSDapxUSD Crypto $10M
11 USDzAnzen USDz Fiat $7M
12 cdxUSDCod3x USD Crypto $6M
13 MONEYDefi.money Crypto $4M
14 USDSSky Dollar Crypto $4M
15 BtcUSDBitcoin USD Crypto $4M
16 eUSDTelcoin eUSD Fiat $2M
17 YUYU Crypto $1M
18 USDGLOGlo Dollar Fiat $1M

Coins with at least $1M of supply on this chain, ranked by that supply. 27 further coins hold smaller balances here and are counted in the concentration figures above but not listed.

02

The network

Launched2023
TierLayer 2 (Ethereum)
ConsensusOptimistic Rollup (OP Stack)
Bridged toEthereum
EVM-compatibleYes
Websitebase.org

Frequently asked questions

Is Base EVM-compatible?

Yes, Base is EVM-compatible, meaning Ethereum tools and wallets work natively.

What is Base built on?

Base is a Layer 2 built on Ethereum. It posts its data to Ethereum and inherits Ethereum’s settlement security, while offering lower fees and faster transactions.

Chain attribution from on-chain and cross-chain data. All networks · Methodology