Coinbase’s Layer-2 network Base has surpassed $1 billion in DEX trading volume for B20 tokens, reaching approximately $1.051 billion in just two months since the standard launched on June 25, 2026. Roughly 83.7% of that volume came from memecoin launchpads, highlighting a massive dominance of speculative assets on the ecosystem. By late July 2026, the ecosystem had spawned over 19,000 unique tokens and attracted approximately 180,000 holders. Tokenized stocks, launched on August 24, 2026, generated $227.7 million in DEX trading volume within their first 30 days, demonstrating genuine product-market fit for this asset class on-chain.
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