Base network has processed 187.8 million agentic payments, but last week it lost the daily active user crown to Robinhood Chain. The rival blockchain surged ahead in DAU, raising questions about whether Base's early lead is slipping. Base argues its distribution edge can outlast the spike, and it's betting on an imminent tokenized-stock launch to prove it.
The Daily Active User Shift
Robinhood Chain overtook Base in daily active users last week, a milestone that caught the attention of the crypto community. Base had been riding high on its integration with Coinbase's massive user base, but Robinhood's own exchange-linked chain is drawing retail traders with low fees and easy access. The exact DAU figures weren't disclosed, but the shift signals that the battle for on-chain activity is heating up.
Base's Distribution Argument
Base isn't panicking. The network's backers point to its 187.8 million agentic payments — transactions executed by automated agents, not just humans — as evidence of deep, programmatic usage. They argue that Robinhood Chain's surge is a short-term retail wave, while Base's distribution through Coinbase's 100+ million verified users provides a stickier foundation. “We've built for scale, not just hype,” the company said in a statement, though it declined to name a specific spokesperson. The claim is that agentic payments will keep growing even if casual users drift.
Tokenized Stocks on the Horizon
Base's next move is a tokenized-stock launch, expected in the coming weeks. The product will let users trade shares of major companies on-chain, settling in real time. It's a direct challenge to Robinhood's traditional stock-trading business and a way to lure users who want both crypto and equities in one place. The launch is imminent, but no exact date has been set. If it lands before competitors offer similar products, Base could reclaim the narrative.
The tokenized-stock launch will test whether Base's distribution edge is enough to win back daily active users. Robinhood Chain isn't standing still either — it's likely to respond with its own features. For now, the race is defined by who can turn user counts into lasting activity. Base has the payments volume and a product roadmap; Robinhood has the momentum. The next few weeks will show which strategy holds.
