This chart shows the total supply of stablecoins (in USD) on the @base network over time.

 1. Early Decline (November - Late November): The stablecoin supply showed some fluctuations with an overall downward trend.

 2. Gradual Increase (December - Early January): The supply started recovering and showed steady growth.

 3. Strong Growth (January - Late January): A clear uptrend is visible, with stablecoin supply rising significantly above $3.8 billion.

The stablecoin supply on Base has experienced a strong upward trend since mid-December, indicating growing adoption or capital inflow into the network.