American crypto exchange Coinbase has recently introduced Base, its Ethereum layer-2 network, which positions the company as a fundamental layer for decentralized commerce and activity. Base, built on the Ethereum scaling solution Optimism, serves as an on-chain ecosystem for both Coinbase’s own products and numerous decentralized apps used by millions of individuals. Since its launch, Base has garnered significant attention, attracting hundreds of apps and millions of users, making it particularly appealing to third-party developers. Notably, Base has surpassed Solana in total value locked (TVL) within weeks of its launch and has consistently maintained high daily activity. It has emerged as a prominent hub for decentralized finance (DeFi) and applications, offering faster and more cost-effective on-chain transactions compared to Ethereum. Coinbase CEO Brian Armstrong envisions Base as a broader platform that can seamlessly interact with the wider crypto community and attract millions of new users. The ultimate ambition for Base is to onboard one billion users and establish itself as the central hub for an entire creative economy.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | None |
| Companies | Solana, Coinbase, 1inch, Maple Finance, Dune Analytics, Optimism, zkSync, Friend.tech, Chainlink, Arbitrum |
| Currencies | None |
| Securities | None |
