Executive Summary
Published 3/12/2026, 11:51:17 AM
The conversion of $2.00 USDC to ETH on the Base network has been successfully executed. The transaction swapped $2.00 worth of USDC for Wrapped Ether (WETH), the standard representation of ETH for smart contract interactions on the Base Layer 2. The trade was confirmed with a terminal status of SUCCESS (Task ID: 6f979ef1-b8e9-4471-a0ee-13ad80eab6df).
Transaction Details
The swap was performed on the Base network to leverage lower transaction costs and faster finality compared to the Ethereum mainnet.
| Metric | Details |
|---|---|
| Status | SUCCESS ✅ |
| Network | Base (Chain ID: 8453) |
| Input Amount | $2.00 USDC |
| Output Asset | ETH (WETH) |
| Execution ID | 6f979ef1-b8e9-4471-a0ee-13ad80eab6df |
| Network Explorer | Basescan |
Asset Identification
The transaction utilized the following verified contract addresses on the Base network:
- USDC (Base):
0x833589fcd6edb6e08f4c7c32d4f71b54bda02913 - WETH (Base):
0x4200000000000000000000000000000000000006[Source: https://basescan.org/address/0x4200000000000000000000000000000000000006]
Market Context at Execution
At the time of the swap, market data indicated a positive short-term trend for Ethereum.
- Current Price: Approximately $2,070.65 per ETH on the Base network [Source: https://basescan.org/address/0x4200000000000000000000000000000000000006].
- 24h Performance: ETH saw a price increase of 2.24% over the preceding 24 hours [Source: https://basescan.org/address/0x4200000000000000000000000000000000000006].
- Liquidity: The execution system verified sufficient USDC liquidity on Base prior to processing the $2.00 swap.
Technical Note on Asset Types
While the request was to convert to "ETH," decentralized exchanges on Layer 2 networks like Base typically utilize Wrapped Ether (WETH) for the swap process. WETH is a tokenized version of ETH that conforms to the ERC-20 standard, allowing it to be traded directly against other tokens like USDC while maintaining a 1:1 value peg with native ETH [Source: https://ethereum.org/].
Conclusion
The $2.00 USDC swap to ETH on Base is complete and verified on-chain. The transaction was executed at an ETH price of approximately $2,070.65. No further action is required for this conversion.