Base overtook Ethereum as ZARP's leading chain
Base reached 56.6% of ZARP's tracked on-chain transfers in Q2 2026, up 18 percentage points on the quarter — only the second time Base has led in the last seven complete quarters.
- R79.1M
- Base
- R51.9M
- Ethereum
- R8.2M
- Solana
- R139.8M
- Total Q2 transfers
56.6% of Q2 transfers
the prior leader
Q2 2026
all chains
Base has led ZARP's transfer volume only once before in the last seven complete quarters. This time it led by a distance.
Q2 volumes: Base R79.1M, Ethereum R51.9M, Solana R8.2M, Polygon R637K — R139.8M total. That's 56.6% on Base, up 18 percentage points in a single quarter.
Read alongside the wider native-stablecoin picture, this is the same migration showing up token by token: settlement moving off the chain that hosted it first.
Method
On-chain transfer volume for ZARP by chain, aggregated by calendar quarter through Q2 2026, denominated in rand. Transfer volume only — mints and burns are excluded, since those are issuer supply operations rather than user activity. 'Tracked transfers' covers the chains in AfriFlux native-stablecoin coverage.
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AfriFlux (2026). Base overtook Ethereum as ZARP's leading chain. Published 6 July 2026. https://www.afriflux.xyz/feed/base-overtakes-ethereum-for-zarp
Reproducing a chart? Use this line: Source: AfriFlux — on-chain intelligence for Africa's stablecoin economy. afriflux.xyz