Coinbase reports onchain agentic commerce volume on Base and USDC.
“Q1 2026 Highlights Derivatives Trading Volume1 TTM growth Average USDC Held in Coinbase Products2 USDC on Base share of onchain agentic commerce volume in Q1ʼ265 Base Chain stablecoin transaction volume3 ↓ 10x Y/Y [1] Derivatives Trading Volume is the total U.S. dollar equivalent value of the notional amount of derivatives trades transacted between a buyer and seller through our platform during the period of measurement. [2] Corporate USDC balances and USDC held on behalf of customers in eligible Coinbase products. [3] Source: Artemis Analytics. [4] Measured based on when a given product generated $100 million in quarterly annualized net revenue for the most recent qualifying quarter. [5] Source: Artemis Analytics. Product lines generating $100M+ annualized revenue4 169% Y/Y ↓ 55% Y/Y ↓ 12 90%+”