New All-Time High but for Coinbase's BASE: What You Need to Know


18 Sep 2023 10:44 AM

The total number of daily transactions on Base has recently spiked above 1.8 million....

  • The Ethereum layer-2 solution developed by Coinbase, called Base, has experienced a significant increase in daily transactions, surpassing 1.8 million.
  • The surge in usage can be attributed to the social decentralized application FriendTech, which is built on Base.
  • Base has attracted almost $380 million in total assets locked and has a trading volume of over $20 million in the past week.
  • However, Base has faced security issues, with four attacks occurring last month, resulting in a loss of approximately $6.4 million.
  • Despite previous criticism, FriendTech has seen a rebound in trading volume, reaching over $18.5 million on September 13.

The article highlights both positive and negative aspects of Base and FriendTech. The increase in daily transactions and trading volume is seen as a positive development, but the security issues and previous criticism of FriendTech are negative factors.

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You May Ask

What is the total number of daily transactions on Base?What is the trading volume of FriendTech on September 13?How much assets are locked in Base?How many attacks did Base suffer last month?What were the losses incurred due to the fraud on Magnate Finance?

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