Coinbase’s Base Blockchain Spurs Gas Revenue Market
- Base, launched in August 2023, is an Ethereum layer 2 blockchain.
- It generated over $14 million in fees in the last month.
- The gas cost on Base fluctuates between 10 ETH and 200 ETH daily.
- Alkimiya allows users to speculate on Base’s transaction costs.
- Alkimiya uses decentralized finance architecture with oracles and smart contracts.
The Coinbase-owned Base blockchain has seen significant financial success since its launch, generating more than $14 million in fees recently. Alkimiya enables speculation on the network’s fluctuating gas costs, which can range from 10 ETH to as high as 200 ETH per day.
