Ethereum is losing ownership of crypto payments as Base moves $565B in stablecoins
Base’s slim lead over Ethereum in adjusted stablecoin volume points to a bigger shift in how tokenized dollars move across blockchain networks.

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Four long-dormant ETH wallets sold most of a 37,602 ETH stash near $1,560, turning Ethereum's drawdown into a test of whether fresh demand can absorb old-holder supply.
BAGEY turns tokenization into a legal-record test, but transfer, collateral, and custody mechanics still have to prove the model.
The Ethereum Foundation cut 54 jobs and narrowed its mandate as record user activity collided with falling fees and a 44% decline in ETH.
Swell warned users to bridge out by June 23, turning a planned L2 shutdown into a test of user exit procedures.
The incident forced users to confront the part of rollup security that usually stays invisible: whether they can still withdraw when the bridge layer breaks.
Ethlabs’ launch shows Ethereum’s post-Foundation era may not just be about replacing EF stewardship, but making ETH value capture, institutional adoption and protocol funding part of the same fight.