Coinbase’s Hidden Gem: Analysts See ‘Amazon-like’ Potential in Layer-2 Network Base

Cryptocurrency asset manager Bitwise has recently shared analysis on the Nasdaq-listed cryptocurrency exchange Coinbase (NASDAQ: COIN), suggesting it could be in a similar position to Amazon before it exploded and became a near $2 trillion company. According to Bitwise’s analysis there’s a “game-changer hidden in Coinbase’s recent earnings report,” namely its Ethereum layer-2 network Base […]

Coinbase CEO Says “Base Is Now the No. 1 Layer 2 Solution by Number of Transactions Processed”

Base is a Layer-2 blockchain built by Coinbase on top of the Ethereum network. Layer-2 solutions are designed to enhance the scalability and efficiency of the Ethereum blockchain. Base aims to provide a secure, low-cost, and developer-friendly environment for building decentralized applications (dApps). Here’s how it works: Rollups: Base leverages the power of “rollups,” specifically […]

Wild West? Whitelisted Crypto Wallets Make 3,000,000% Gains on Base Altcoin

Two cryptocurrency wallets saw astronomical returns exceeding 30,830 times their initial investment on a memecoin launched on Coinbase’s Ethereum layer-2 scaling solution Base. According to on-chain analysis service Lookonchain, two cryptocurrency allets whitelisted by the deployer of the meme-inspired cryptocurrency Brett ($BRETT) spent 0.034 ETH worth little over $100 to buy 172.56 million tokens back […]

Altcoins Shine: $MANA, $BAT, $LDO See Large Inflows Despite Bitcoin’s Jitters

Cryptocurrency investment products saw minor outflows over the past week as investors became seemingly hesitant on the market ahead of Bitcoin’s upcoming halving event, while volume rose from $17 billion to $21 billion, and various altcoins saw significant inflows. According to CoinShares’latest Digital Asset Fund Flows report, investment products offering exposure to the flagship cryptocurrency […]

Trader Turns $13,000 into $2 Million In Less than an Hour Amid Memecoin Frenzy

A cryptocurrency trader has managed to turn around $13,000 worth of the second-largest cryptocurrency by market capitalization, Ethereum ($ETH), into over $2 million by trading a little-known meme-inspired cryptocurrency on Coinbase’s Layer-2 network Base. According to on-chain analysis service the trader manage to turn the $13,000 into over $2 million in less than an hour […]

Crypto Trader Turns $100 into $8.3 Million on Coinbase’s Base in Less Than a Week

A cryptocurrency trader has managed to turn just 0.1 Ether ($ETH) into over $8.3 million on Coinbase’s Layer-2 scaling solution Base in less than a week by trading little-known cryptocurrencies with market capitalization below the $5,000 mark. In a post shared on the microblogging platform X (formerly known as Twitter) on-chain analysis service Lookonchain detailed […]

$DEGEN Trader Makes a $2 Million Profit

This article aims to provide an overview of Degen ($DEGEN), an ERC-20 token launched on Coinbase’s Ethereum layer-2 scaling solution, Base, and tells the story of a crypto whale who has so far made over $2 million from trading DEGEN. Base is a recently launched Layer-2 (L2) blockchain designed to work in conjunction with Ethereum. […]

Coinbase’s Jesse Pollak Discusses Base, Decentralized Apps, and the Future of Blockchain

Coinbase’s Jesse Pollak, Head of Protocols, recently sat down with Cointelegraph’s Andrew Singer at Messari’s Mainnet conference in New York City on 20 September 2023. The interview covered a wide range of topics, including Coinbase’s relatively new blockchain, Base, the potential of decentralized applications (DApps), and the future of blockchain technology. When asked about Coinbase’s […]

Base Surpasses Solana ($SOL) in Total Value Locked as Coinbase’s Layer-2 Solution Gains Traction

The layer-2 Ethereum scaling solution unveiled by Nasdaq-listed cryptocurrency exchange Coinbase earlier this year, Base, has been seeing the total value locked (TVL) on its smart contracts rise rapidly, to the point it now surpassed the TVL on Solana ($SOL). According to data from decentralized finance tracking platform DeFiLlama, Base currently has a total value […]

Coinbase’s Base Protocol: Insights into the Mainnet Bridge UI Launch and its Impact

In February 2023, Coinbase unveiled an ambitious project: Base, a new blockchain designed to be a low-cost, user-friendly platform tailored for developers. The decentralized nature of Base, combined with its integration with Ethereum, promised a robust and versatile platform. Coinbase’s vision was clear: to transition from a world where crypto is primarily a speculative asset […]

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