Base surges past Solana as total value locked nears $400M
As per DeFi Llama data, Solana’s TVL has decreased by 9.64% over the past month to sit at $358.96 million, while Base’s TVL has surged to $397.32 million. Go to Source
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Arbitrum (ARB) falls to all-time low as network usage metrics decline
ARB price slumps to a new low as a decline in TVL, active addresses engaging with its DApps and a general malaise across the crypto market take their toll. Go to Source
Base’s ‘Onchain Summer’ saw over 700K NFTs minted from 268K users in August
The “Onchain Summer” promotion drove activity to the new network, with hundreds of thousands of users minting NFTs in August. Go to Source
Ethereum price risks losing the $1.6K support as multiple ETH price metrics decline
A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support. Go to Source
USD Coin officially expands to Base and Optimism networks
Circle’s USDC is now available natively on Base and Optimism, and Coinbase accounts can transfer the stablecoin to Base for the first time. Go to Source
USDC will launch natively on Base network ‘next week’ — Jeremy Allaire
Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version. Go to Source
Magnate Finance on Base rug-pulls users of $6.5M, as predicted by on-chain sleuth
Magnate Finance first deleted its Telegram channel and X account followed by taking down the website before pulling the plug on its TVL. Go to Source
Base, Optimism unveil shared governance and revenue-sharing framework
The two networks will share profits and governance using multi-signature wallets, and a ‘Security Council’ will be formed as the ecosystem grows. Go to Source
A Based week: Looking back at the first 7 days of Onchain Summer
In just one week, Base has attracted hundreds of thousands of new users, attention from mainstay brands and artists, and unfortunately, scammers as well. Go to Source
SwirlLend rugs on new Coinbase layer 2 Base as large number of scammers reported
The SwirlLend scam is the second in as many days, and losses on the platform have already mounted into the millions, one week after it opened to users. Go to Source