BASE, an Ethereum Layer 2 (L2) chain, has achieved a significant milestone by surpassing $10 million in cumulative revenue since its launch in early August 2023. As a Layer-2 scaling solution developed on the Optimism technology stack, BASE provides a secure, cost-effective and developer-friendly environment for on-chain development. Thereby, contributing to its rapid growth and success. Notably, Erick Smith, Chief Investment Officer at 401Financial, shared the exciting news via a recent tweet, stating, “Base just crossed $10 million in cumulative revenue since launch,” alongside data showcasing around 1 million active monthly addresses, as retrieved from the token terminal. Furthermore, BASE’s
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Coinbase plans to transition more customer and corporate Usd coin (USDC) stablecoin accounts to Base, its Ethereum layer two blockchain, aiming for reduced fees and quicker settlement times, as announced by Coinbase VP Max Branzburg. The move is seen by some in the crypto industry as a positive step towards an on-chain financial future, setting […]
