Coinbase’s BASE Shows Teeth As TVL Nears Solana

NewsBTC
NewsBTC

18 Sep 2023 4:00 PM

Base has put on an impressive performance yet again, with its Total Value Locked (TVL) coming close to one of the most notable blockchains....

  • Coinbase's layer 2 blockchain network, Base, has shown impressive growth, outperforming notable blockchains in the crypto market.
  • Base's Total Value Locked (TVL) is close to Solana's, indicating remarkable growth.
  • Base has surpassed Solana in transaction volume and number of unique addresses.
  • The growth in transaction volume and unique addresses can be attributed to Base's social app, Friend.tech.
  • Base operates as a layer 2 network on Ethereum, providing faster transactions, improved scalability, and lower gas fees.
  • Base has also surpassed Cardano in terms of TVL, transaction speed, and number of successful transactions.
  • Friend.tech recorded significant trading volume and daily users since its launch.

The article highlights the impressive performance and growth of Coinbase's layer 2 blockchain network, Base. It emphasizes the network's achievements in terms of TVL, transaction volume, and unique addresses. The mention of the social app, Friend.tech, also indicates positive sentiment towards its impact on Base's success.

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You May Ask

How has Base's TVL compared to Solana's?What factors have contributed to Base's increase in transaction volume and unique addresses?What advantages does Base offer as a layer 2 network on Ethereum?How has Base surpassed Cardano in terms of TVL and successful transactions?What were the trading volume and daily user statistics for Friend.tech after its launch?

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