CoinMarketCap has just released a category page for Base Ecosystem projects, ahead of the layer-2 mainnet launch.
CoinMarketCap, the home of crypto, has recently launched the Base Ecosystem category page, showcasing the growing ecosystem built around Coinbase's layer-2 solution, Base. The projects have a combined market capitalization of over $360M at the time of writing.
This category page aims to provide users with comprehensive information about Base and its related projects, allowing them to explore and understand the various aspects of this emerging ecosystem.
Source: CoinMarketCap
Base, developed by Coinbase, is a layer-two chain built on Optimism, a layer-two scaling solution for Ethereum. It aims to address the scalability issues of the Ethereum network by providing faster and cheaper transactions. The Base bridge officially opened on August 3, allowing users to bridge ETH from Ethereum. The mainnet launch is scheduled on August 9, where users will be able to experience the full functionality of this layer-two solution.
Source: L2Beat
Coinbase's L2 solution Base has already witnessed explosive growth in DeFi activity — the total value locked (TVL) has grown exponentially, reaching $125M at the time of writing, as users bridge funds ahead of the mainnet launch. This is partly due speculators rushing to capitalize on the BALD memecoin, which experienced a spectacular rally and dump, following a rugpull.
Developers are also enticed to work with Base due to its connection to Coinbase and the access it provides to Coinbase's massive existing user base of non-DeFi natives. This opens up opportunities for developers to build innovative applications on Base and tap into a large user pool.
Furthermore, Base is expected to benefit from synergies with future Ethereum upgrades, such as EIP-4844, which aims to lower transaction fees between layer-two chains. This reduction in friction will make it easier for users to interact with Base and further onboard Coinbase's significant user base.
The launch of the Base Ecosystem category page on CoinMarketCap provides a one-stop hub for users to explore the various projects and developments within the Base ecosystem. It offers a comprehensive overview for users to explore and learn more about the projects and developments within the Base ecosystem. Check out the Base ecosystem page now.
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