Coinbase’s L2, Base, has been gaining traction after the Dencun upgrade leveraging lower fees, account abstraction, and Coinbase’s enormous user base. The team is developing a smart wallet that simplifies wallet creation with non-custodial, exportable keys and traditional login methods. This new service aims to make web3 interactions via Coinbase more user-friendly, enhancing its utility and impact on the crypto market.
Wednesday, March 20, 2024Solana has captured innovation and memecoins, Bitcoin is entering an NFT and DeFi run like Ethereum in 2021, and Base is the main innovation hub for Ethereum.
Electric Capital's Annual Developer Report reveals trends around the increase in multichain development, the U.S. losing developer share, and the growth of new chains like Base and Bitcoin L2s. Infrastructure improvement has enabled the rise of social applications, which are in an experimental stage reminiscent of social media in 2003. NFTs are becoming multichain and are expected to serve as the foundation for various digital assets in the future.
Ethereum, Polygon, Avalanche, Stellar, and Base are public blockchain tokenization leaders. RWA-specific public chains like Provenance, Plume Network, and XDC offer features catered toward issuers and have seen some adoption. JP Morgan's Onyx, R3's Corda, Canton Network, and Kinto are private alternatives that restrict access to authorized participants and are better for enterprise-grade tokenization.
In the two weeks since its launch, €7.3 million EURC has been issued on Base, with adoption from various protocols and exchanges.
This list provides a collection of dashboards and data sources to track the growth and activity within the Base ecosystem, covering key metrics like blockspace usage, stablecoin overviews, gas prices, user growth, and DEX activity. It highlights the development of a new, on-chain global economy that is decentralized and inclusive.