Coinbase, a major U.S. crypto exchange, has recently launched its own blockchain project called Base. One of its applications,, has become increasingly popular, with over 100,000 users and generating more than $25 million in fees. allows users to purchase shares of X (Twitter) influencers and was recently funded by the crypto-focused venture-capital firm Paradigm.The success of has driven up key metrics on the Base network, with total value locked (TVL) surpassing $200 million and transactions per second exceeding those of Ethereum, Arbitrum, and Optimism. According to FundStrat, Base has earned nearly $4 million in fees, with $2.5 million retained by Coinbase. This translates to an additional $30 million in revenue annually.However, there is some concern over Coinbase’s role in moderating a chain that is currently ‘decentralized’ in name only. It remains to be seen if Base can maintain its growth once the current crypto craze passes.

Information Details
Geography North America
Sentiment neutral
Relevance Score 9
People None
Companies Coinbase,, Paradigm, FundStrat, Galaxy Research
Currencies Ethereum, Bitcoin, X (Twitter),, USD
Securities None

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