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Base Network Payment Protocol Settlements Cross $500k with High Weekly Growth
12/06/2025, 20:06
AI SUMMARY
●Commerce payment protocol on Base exceeds $500k in settlements
●Protocol records 30% weekly growth with sub-cent transaction fees
●Adoption continues alongside institutional moves like JPMD token launch
Reports indicate that a commerce payment protocol on the Base Layer 2 network has crossed $500,000 in USDC settlements. The protocol is observing a 30% weekly growth rate, enabling merchants to process payments for under $0.01 per transaction.
The update also highlights the broader expansion of financial tools on the chain, including the recent launch of JPMorgan's JPMD deposit token. The growth in payment volume is occurring despite recent stagnation in broader crypto asset prices.