Coinbase Backed Base Network Surpasses $2 Billion in Locked Value

Base Network, backed by Coinbase, has surpassed a total locked value (TVL) of 2 billion dollars. This increase reflects the interest in memecoin projects and airdrop events in Layer-2 networks. Base, developed using the Optimism rollup solution, offers a solution to the scaling issue while preserving the security of the Ethereum network. Base Network’s Strategic Position Coinbase, managing the majority of Bitcoin exchange-traded funds in the US and alliances with major companies, contributes to the growth of Base. According to the architect behind Base, a significant portion of Coinbase’s revenues are directed towards the development of Base. This strategic investment helps Base overcome the challenges of acquiring new users through integration with Coinbase’s user base. Thus, the adoption of the Base platform achieves significant increases in important metrics such as the number of users and revenue. Base Network and the Impact of Ethereum Updates The increase in the number of […]

Coinbase Backed Base Network Surpasses $2 Billion in Locked Value

Base Network, backed by Coinbase, has surpassed a total locked value (TVL) of 2 billion dollars. This increase reflects the interest in memecoin projects and airdrop events in Layer-2 networks. Base, developed using the Optimism rollup solution, offers a solution to the scaling issue while preserving the security of the Ethereum network.

Base Network’s Strategic Position

Coinbase, managing the majority of Bitcoin exchange-traded funds in the US and alliances with major companies, contributes to the growth of Base. According to the architect behind Base, a significant portion of Coinbase’s revenues are directed towards the development of Base.

This strategic investment helps Base overcome the challenges of acquiring new users through integration with Coinbase’s user base. Thus, the adoption of the Base platform achieves significant increases in important metrics such as the number of users and revenue.

Base Network and the Impact of Ethereum Updates

The increase in the number of users and transaction volume of Base is associated with Ethereum’s Dencun upgrade and the implementation of EIP-4844. These updates contribute to lowering network fees and make Base a competitive platform. Especially, it increases interest in memecoin projects and airdrop events, offering new opportunities in the crypto world.

Analysts point out that monitoring token transaction volumes and the number of holders can reveal opportunities in memecoin projects. Projects like Toshi Base attract attention with their strong communities and leading positions in the sector.

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