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Friend.Tech Hype Sees Base Surpass Rival Layer 2 Blockchains in Average Transactions per Second
Base averaged a record high of 15.88 transactions per second on Tuesday, as investors flock to the layer 2 blockchain to gain access to Friend.tech. DappRadar blockchain analyst Sara Gherghelas discusses her take on what could be behind the Friend.tech hype and why it might be short-lived. "There are too many questions, too many doubts, to see this dapp in the next 6 months being still active," Gherghelas said.
Coinbase's New Blockchain Sees Muted Inflows on Launch Day; Is a Spot Bitcoin ETF Coming?
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as the Securities and Exchange Commission seeks to appeal a judge's ruling on Ripple's programmatic sales of XRP. Dune analytics tracks inflows to Coinbase’s newly launched 'Base' blockchain. And, Matrixport analysts predict that the SEC will likely greenlight several spot bitcoin ETFs in quick succession, leading to another rally for bitcoin's (BTC) price.
Early Base Whales Have a 'Heavy Meme Coin Bias': Nansen Analyst
According to the crypto analysis firm L2Beat, around $150 million of deposits are locked into apps and protocols on Coinbase's new Base network. This comes as Nansen notes the top 22 depositors to Base as of July 31 have allocations in a telegram trading bot token, several meme tokens and an on-chain casino token. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Coinbase Exec: Seeing 'Mainstream Users Start to Come in' on Base Blockchain
Base, the new Ethereum layer 2 blockchain built on OP Stack by the U.S. crypto exchange Coinbase, went live on Wednesday. Jesse Pollak, creator of Base and Coinbase's head of protocols, joins "First Mover" to discuss the launch in the latest move that aims to bring mainstream awareness to the the on-chain economy. Plus, Pollak's outlook on DeFi and crypto regulation in the U.S.
Coinbase’s New 'Base' Blockchain Goes Live; Rep. Maxine Waters Is 'Concerned' About PayPal's Stablecoin
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Base, Coinbase’s layer 2 blockchain, officially opens to the public. Rep. Maxine Waters (D-Calif.) vocalizes her concerns about the launch of PayPal’s stablecoin. And, a new crypto show aims to capture mainstream attention by taking inspiration from popular TV broadcasts like "The Apprentice" and "Shark Tank."
Coinbase's Layer 2 Blockchain 'Base' Officially Goes Live, With Over 100 Dapps Deployed
Coinbase (COIN) announced that its new "Base" blockchain has gone live, heralding the start of a new era of public companies running their own distributed networks. "The Hash" panel discusses their outlook on the layer 2 blockchain and the crypto exchange's decision amid recent U.S. regulatory pressures.
Coinbase's Layer 2 Blockchain 'Base' Opens to the Public on Aug. 9
Coinbase (COIN) announced that its layer-2 blockchain named Base will be open to the public next week. Built with Optimism's OP Stack, Base went live for developers in July for testing and users will be able to bridge their ether (ETH) to the blockchain on Thursday. "The Hash" panel weighs in on the new development at the crypto exchange.
Unrelated BASE Token Surged Amid Coinbase Layer 2 Network Launch
Base Protocol’s BASE tokens jumped, then dumped, in the past 24 hours following an announcement by crypto exchange Coinbase about the launch of its layer 2 blockchain Base. As of Friday, Coinbase has explicitly stated it has no plans to launch a token for its new blockchain. "The Hash" panel discusses what's behind the BASE rally.
