Base creator Jesse Pollak says equities and non-dollar stablecoins will lead upcoming ‘tokenization supercycle’
RWA Signal Insight
InfrastructureBase creator Jesse Pollak predicts a forthcoming tokenization supercycle driven primarily by tokenized equities and non-dollar stablecoins. Coinbase recently launched tokenized stocks on the Base network, which currently generate between $70 million and $100 million in daily trading volume. The platform currently supports 50 listed stocks with plans to expand to 250 by the end of the month. Pollak emphasizes that tokenized equities provide superior accessibility and 24/7 liquidity compared to traditional markets. Additionally, Base is diversifying its stablecoin offerings to include 32 assets across 21 currencies to cater to global demand for local currency rails. The network is shifting its strategic focus toward specialized infrastructure for trading, payments, and financing to support this growth. This evolution highlights a broader industry trend where Layer 2 networks are pivoting from generic blockspace to high-utility financial applications.
Key points
- Base reports $70M–$100M daily volume for tokenized stocks launched six weeks ago.
- Tokenized equity supply on Base grew eightfold to $3.3 billion in 12 months.
- Base supports 32 stablecoins across 21 currencies to facilitate global local-currency payments.
- Base is scaling infrastructure to support one million transactions per second for machine payments.
Background
Base is an Ethereum Layer 2 scaling solution incubated by Coinbase, built on the open-source OP Stack. It is designed to provide a secure, low-cost, and developer-friendly environment for decentralized applications. By leveraging Ethereum's security while offering high throughput, Base aims to onboard mainstream users into the onchain economy.