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      Coinbase's Base Network Attracts $4.7 Billion in Net Inflows in 2026

      Base, the Ethereum Layer 2 network developed by Coinbase, has recorded $4.7 billion in net inflows since the beginning of 2026. This figure represents the total amount of capital entering the network after accounting for outflows. The surge in inflows coincides with a significant increase in decentralized finance (DeFi) activity on the network, which has reached record levels this year, driven by lending protocols, stablecoins, and tokenized stocks.

      As of early October 2026, Base's total value locked (TVL) has risen to approximately $6.4 billion, following an all-time high of about $6.2 billion on September 22. TVL measures the total value of assets deposited in various applications on the network, including lending pools and trading platforms. The bridged value, which tracks assets transferred onto Base from other blockchains, primarily Ethereum, has also increased to $8.28 billion.

      The stablecoin market on Base is currently valued at around $5.2 billion, with USDC making up approximately 84% of that total. This concentration is notable given that Coinbase co-founded the Centre consortium behind USDC with Circle. Additionally, tokenized stocks on the network have seen a daily trading volume of $71 million as of October 2026, allowing for 24/7 trading and on-chain settlement.

      While Base ranks among the leading Layer 2 networks in terms of transaction throughput and liquidity, the heavy reliance on USDC raises concerns about liquidity risks. Any disruption to USDC could have a more pronounced impact on Base compared to networks with a more diversified stablecoin ecosystem.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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