Base is one of two Ethereum layer 2s with a TVL above $10 billion, making considerable ground since launching in August last year.
Base news
Jesse Pollak, the creator of the Ethereum layer-2 network Base, expects the Coinbase Wallet feature to be available for users in 50 countries by the end of 2025.
The Utopia Labs team will join the Base network to accelerate Coinbase Wallet’s on-chain payments buildout.
Franklin Templeton says this is the first tokenized money fund to launch on Coinbase’s layer-2 network.
Base has notched a new record stablecoin volume, temporarily beating out Solana, Ethereum, and Tron for the top spot.
An exploit on the Base blockchain revealed major vulnerabilities, leading to $1M in stolen funds and raising security alarms in DeFi.
Base will implement fault proofs on the mainnet twice as fast as Optimism, which took about six months to upgrade the system from testnet to mainnet.
The app chain promises faster and cheaper transactions and cross-chain interoperability, according to Uniswap.