Solana generated $91 million in application revenue in May, more than any other blockchain and ahead of Ethereum’s $52 million, according to data shared by Defillama. Solana out-Earns Every Layer 1 and Layer 2 Solana booked $91 million for the month, placing it ahead of the Hyperliquid L1 at $53 million, Ethereum at $52 million, […]
]]>Ethereum’s new Layer-2 network Base debuted in 2024 and rapidly established itself as a go-to platform for retail traders whose ideal it is that transactions “be fast and cheap,” according to co-founder and CEO David Lim. Although Ethereum founder Vitalik Buterin has urged developers not to build their Layer-2 solutions “for the sake of advertising,” Base’s launch was widely viewed and narrowly celebrated as an Ethereum success story. Lately, though, Base has been finding life pretty tough. The cryptocurrency “market has faced a downturn not seen since early 2023,” and so far, our Layer-2 darling has no apparent way to
The post Base’s Strong Start in Ethereum’s Layer-2 Space Faces Market Challenges in 2024 appeared first on The Merkle News.
]]>Base Chain, a Layer 2 blockchain established on Ethereum, is swiftly making its presence felt in the cryptocurrency sector. It boasts not only some stellar stats but also a widening user base that is decidedly engaged and a developer community that is showing a lot of interest. This positions Base quite nicely, at least in my mind’s eye, as one of the cornerstones of the DeFi and Web3 landscape. Record-Breaking Metrics Highlight Base’s Strength The performance metrics of the Base chain reveal a thriving ecosystem that is steadily growing across all key indicators. Total Value Locked (TVL) on the platform
The post Base Chain: A Rising Star in the Crypto World with Strong Fundamentals and Growing Adoption appeared first on The Merkle News.
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Learn how to buy USDC on the Base Network with this step-by-step guide, which covers the essentials, including wallets, buying USDC and bridging to Base Network.
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The plans are not yet concrete as Coinbase is awaiting regulatory clarity on securities tokenization.
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They cited MEV as a major concern and said if they couldn’t build on Solana, they would opt for either Base or Sui.
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PancakeSwap’s 2024 trading volume surged to $310 billion, driven by DeFi growth, layer-2 adoption and user-focused upgrades.
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The memecoin Brett is totally dominating the ecosystem on the Base blockchain. With a dedicated community and strong momentum, Brett might soon enter the top 3 of the entire memecoin ecosystem. Inspired by the iconic character from Matt Furie’s Boys’ Club comics, Brett has emerged as a dominant force in the memecoin ecosystem. This playful […]
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The DeFi protocol also launched an in-house perpetuals trading app.
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A newly launched platform dubbed goose.run lets users lend and borrow against memecoins, its team told Cointelegraph.
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