Ethereum Layer-2 Base Launched by Coinbase

Coinbase Launches Ethereum Layer-2 Network Base

• Base is an Ethereum layer-2 network launched by Coinbase in 2023.
• The network aims to onboard billions of users to the cryptoeconomy.
• Base does not have a native token and uses Ethereum for transaction fees.
• The network supports over 492 DeFi protocols with more than $2.8 billion in total-value-locked (TVL).
• Base ranks fifth in daily active addresses among all blockchains, with over 1.2 million active addresses daily.

Coinbase’s Base, launched in 2023, is a significant Ethereum layer-2 network designed to expand the cryptoeconomy by providing cheaper and faster transactions without a native token. It hosts over $2.8 billion in TVL and ranks highly in daily active addresses globally.