Base took Ethereum’s #1 spot in monthly stablecoin transfer volume (Jan): • Base: ~$5.86T • Ethereum: ~$2.49T (Tron/Solana both < $0.7T) Context matters: Volume ≠ users, but it is flow. Catalyst mix is pretty clear: Coinbase distribution (Base App / smart wallets) + native

ETH1,9%
TRX1,33%
SOL-0,05%
FLOW-11,75%
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