Base, the layer-2 network of the largest American crypto exchange, Coinbase, is facing tough times following the chain’s strong entrance into the market over a year ago. Data from the market analytics platform IntoTheBlock shows that the Base ecosystem is under pressure, a challenge driven by the market’s recent dip. Base Ecosystem Under Pressure After reaching a peak of $4 billion in total value locked (TVL) in mid-December 2024, Base is now struggling with a TVL of $3.2...
Read More »This is How Much Crypto Users Grew in 2024, According to Flipside’s On-Chain Analysis
The crypto industry grew remarkably in 2024 amid rising coin prices, but the same cannot be said for on-chain users across most relevant chains. A 2024 on-chain user report by the blockchain growth platform Flipside revealed a need for networks to offer quantity and quality on-chain activity to attract users and turn them into high-value contributors. According to the report shared with CryptoPotato, only Base, the layer-2 network launched by the largest American crypto...
Read More »BaseBros DeFi Project Vanishes Overnight in Shocking Rug Pull Exit
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Read More »Coinbase’s cbBTC Surges to $100M 24 Hours after Launch, Defying Criticism from Justin Sun
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Read More »Dencun’s Aftermath: Ethereum Layer 2s See Surge in Failed Transactions
The Dencun upgrade in March 2024 was a significant milestone for Ethereum, but it also brought about unforeseen challenges, particularly for Layer 2 networks. Christine Kim, a researcher at Galaxy, highlighted that this upgrade inadvertently led to an increase in transaction failures across these networks. Ethereum’s Layer 2 Networks Face Challenges Kim’s August 21 analysis, titled “150 Days After Dencun,” revealed that since the fee-reducing upgrade, there has been a notable...
Read More »Coinbase Waives Fees for Transfers to Base, Upgrades Mobile and Web Wallet
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Read More »Base Introduces Fault Proof Feature to Testnet, Step toward Network Decentralization
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Read More »US Politicians Now Receiving Crypto Donations via New On-Chain Platform
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Read More »Friend.tech Plummets 25%, Reaches All-Time Low after Declaring It Will Stay on Base L2
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Read More »Meme Coin Frenzy Fuels Explosive Base DEX User Growth
Coinbase Ethereum layer-2 network Base has clinched a new record in terms of the number of daily active users on decentralized exchanges (DEX), reaching 270,000 on June 17th. Compared to the previous day, the figure jumped by approximately 9%. Uniswap Dominates Base With 85% User Share According to data compiled by Dune Analytics, with the latest all-time high of active users, Base-powered decentralized exchanges have now surpassed BNB Chain. The Layer 2 network is now behind...
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