Tag Archives: BASE

Coinbase’s Layer 2 network – Base – has witnessed a resurgence of user activity. Franklin Templeton’s latest analysis revealed that Base has received significant traction from SocialFi applications such as Friend.Tech. Friend.Tech’s model, which financializes social interactions, has drawn attention, particularly with the launch of its version 2 platform and the airdrop of its FRIEND token. Additionally, Base has experienced a notable surge in the supply of USDC on its...

CoinspeakerFranklin Templeton: Ethereum L2 Base Commands 46% of SociaFi Transactions Besides the rising activity on SociaFi, Franklin Templeton also attributed the rise in activity on Base to meme coins and an increase in the supply of Circle’s USDC stablecoin on the network. Franklin Templeton: Ethereum L2 Base Commands 46% of SociaFi Transactions

Layer 2 networks have witnessed massive activity this year, even as their native tokens slumped amidst intense volatility across the broader market. These solutions have witnessed relatively steady activity since the beginning of the year. However, the latest analysis by IntoTheBlock revealed that Base continues to be the primary attraction for new capital. Investors Flock to Base Over the course of this week, net ETH deposits into the Base have exceeded 6,500 ETH, marking a...

CoinspeakerCrypto Thefts on Coinbase’s Base Chain Rose by 145% in April The Base chain appeared to be targeted more in April as a report states a 145% monthly increase in crypto thefts. Crypto Thefts on Coinbase’s Base Chain Rose by 145% in April

CoinspeakerSolana-Based Meme Coin Bonk Killer Hits $328T Market Cap to Trap Investors Bonk Killer amassed a market value swiftly. Howeve­r, this growth halted abruptly when traders found the­y couldn't sell their tokens. Solana-Based Meme Coin Bonk Killer Hits $328T Market Cap to Trap Investors

The highly anticipated Dencun fork on March 13th has significantly boosted the adoption of Layer 2 solutions on Ethereum. This was evidenced by the surge in increased activity post-upgrade. Intotheblock’s latest analysis revealed a similar trend as it noted a surge in the number of transactions on Ethereum’s layer 2 solutions after the Dencun upgrade. The statistics indicate a staggering 196% rise in transactions settled on the leading layer 2 platforms, climbing 5.67 million...

Coinbase’s Layer 2 network – Base – has been dominating the L2 landscape. March has been particularly lucrative for the scaling solution gaining significant traction as a result of increased meme coin frenzy as well as airdrops in recent weeks. With approximately 890,000 daily active addresses, Base has yet again taken the lead, indicating a significant user base engagement, according to IntoTheBlock. ‘Base Spring’ The on-chain intelligence platform also found that Base’s...

CoinspeakerAerodrome Propels Coinbase’s Base Layer 2 Network to $1 Billion TVL Milestone Aerodrome, a decentralized exchange, was instrumental in helping Coinbase's Base Layer 2 network cross $1 billion in Total Value Locked (TVL), marking an enormous milestone for the network. Aerodrome Propels Coinbase’s Base Layer 2 Network to $1 Billion TVL Milestone

CoinspeakerBase Network’s Daily Trading Volume Surges by 51% to Reach New High The surge in trading volume and TVL highlights the growing interest and adoption of the Base protocol. The network currently sits as the sixth largest layer 2 scaling solution for Ethereum. Base Network’s Daily Trading Volume Surges by 51% to Reach New High

In a move that solidifies Manta Pacific’s dominance in the industry, Binance recently introduced MANTA as its 44th project on the Launchpool.  In a recent development, Manta Pacific, the native layer 2 of Manta Network, has emerged as the fourth-largest scaling solution, surpassing Coinbase’s Base, according to data from L2Beat. Manta Pacific’s Rise to Prominence The Total Value Locked (TVL) on Manta Pacific currently stands at an impressive $850 million, leaving Base behind at $756...