Coinbase search popularity drops to a five-year low, COIN stock price down 44% from its all-time high.

CoinNetwork · 2026-01-12T18:43:20+00:00

As cryptocurrency engagement declines, Coinbase faces challenges. Search interest has dropped to a low point, activity on the Base network has halved, and DEX trading volume and fees have significantly decreased. Revenue in the fourth quarter is expected to decline by 15% year-over-year, and Coinbase is expanding new businesses to diversify risk.

CoinNetwork

2026-01-12 18:43:20

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As cryptocurrency engagement drops to multi-year lows, Coinbase faces increasingly severe challenges. Google Trends data shows that search interest in cryptocurrencies has fallen to its lowest point since early 2021, closely related to the sharp decline in activity on Coinbase’s Base Layer 2 network. The monthly trading volume of Base’s decentralized exchange (DEX) halved from October to December, reaching $26 billion, while trading volume and fees decreased by 24% and 47% respectively over 30 days. Coinbase’s premium has turned negative, indicating a decline in demand from US institutions. With Q4 revenue expected to decrease by 15% year-over-year, the exchange is expanding its prediction markets and tokenized stock services to diversify risk and mitigate the impact of declining trading fees.

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