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Coinbase Says Revenue From Its Base Layer 2 Fell Despite Record Volume | The Defiant

Coinbase says Base is processing more stablecoin volume than any other blockchain — and the company is earning less from the network each quarter.

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Coinbase Says Revenue From Its Base Layer 2 Fell Despite Record Volume | The Defiant

Base: $32T annual stablecoin volume (1st chain, >90% agentic AI)—revenue fell 30% to $47.4M as sub-cent fees kill margins. L2 paradox: scale ≠ revenue; Coinbase's 50% USDC capture can't offset losses; third net loss signals inevitable consolidation.

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mercoledì 29 luglio 2026·coindesk.com
Coinbase (COIN) hit by spot trading slump: Wall Street trims Q2 earnings expectations
Wall Street expects a sluggish second quarter from Coinbase as crypto trading activity cools, putting all eyes on and pending U.S. crypto legislation.
giovedì 30 luglio 2026·decrypt.co
Coinbase Misses on Q2 Earnings as Crypto Trading Activity Slows - Decrypt
Coinbase reported lower quarterly revenue and a net loss as crypto trading activity declined, while subscription and lending grew.

Coinbase Says Revenue From Its Base Layer 2 Fell Despite Record Volume | The Defiant

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Coinbase Says Revenue From Its Base Layer 2 Fell Despite Record Volume | The Defiant

Timeline cronologica

Coinbase (COIN) hit by spot trading slump: Wall Street trims Q2 earnings expectations

Coinbase Misses on Q2 Earnings as Crypto Trading Activity Slows - Decrypt

Coinbase Misses on Q2 Earnings as Crypto Trading Activity Slows - Decrypt

Coinbase Hits Record 10.3% Market Share Despite $359M Loss

Coinbase shares slip after Q2 results despite prediction markets doubling and record trading market share

Coinbase (COIN) hit by spot trading slump: Wall Street trims Q2 earnings expectations

Coinbase (COIN) sinks 5% after missing Q2 revenue estimates

Coinbase shares slip after Q2 results despite prediction markets doubling and record trading market share

Coinbase Hits Record 10.3% Market Share Despite $359M Loss

Coinbase Says Revenue From Its Base Layer 2 Fell Despite Record Volume | The Defiant