2023-08-09 20:10:10
© Reuters Coinbase Officially Launches ‘Base’ Blockchain
CriptoFácil – The expected launch of the “Base” blockchain from the publicly traded cryptocurrency exchange Coinbase (NASDAQ:) has taken place. This Wednesday (9), the company announced that the Base mainnet was officially open to the general public, featuring more than 100 applications (dApps) and service providers as part of the ecosystem.
As Jesse Pollak, Protocol Lead at Coinbase, reported, users can explore these dApps and benefit from lower transaction fees and faster transaction speeds compared to .
Since its debut on the testnet in February of this year, and the subsequent release to developers in July, Base has integrated into a variety of crypto projects, including decentralized finance (DeFi) protocols, wallets, bridges, oracles, and analytics providers. and infrastructure.
Coinbase base
Coinbase envisions that Base will become the default network for its blockchain products.
“We are excited to announce that the main base is now live and available to everyone. At launch, there are over 100 dApps and service providers available in the Base ecosystem, as well as deep integrations across the entire Coinbase product ecosystem,” said Pollak.
According to data obtained by cryptocurrency intelligence tracker DeFi Llama, the Total Blocked Amount (TVL) on the layer 2 blockchain already exceeds $45 million. That is, more than R$ 220 million at the current exchange rate in reais.
Base’s flagship protocol is the decentralized exchange (DEX) BaseSwap, with a TVL of $21.9 million. Next comes V3 ($6 million TVL) and RocketSwap Base ($4 million).
This TVL, a metric for evaluating blockchains and protocols, ranks Base as the fifth largest layer 2 blockchain.
Coinbase characterized its Layer 2 solution as a “secure, low-cost and developer-friendly” platform. Base’s goal is to “bring the next billion users to the web3”, as highlighted by Coinbase.
While there are several scalability solutions for Ethereum, Base stands out for its emphasis on security and low-cost transactions. Base is built using Optimism’s OP Stack, a rollup-focused framework that enables high interoperability between different Layer 2 chains.
In celebration of the launch of Base, Coinbase announced a promotion called “Onchain Summer” with corporate partners including Coca-Cola. The idea is to show the capabilities of the new project.
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