Ethereum

United

Base

Toshi

Billion

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/base-network-achieves-2-billion-milestone-and-coinbases-rolls-out-support" rel="noopener noreferrer nofollow">Base Network Achieves $2 Billion Milestone and Coinbases Rolls Out Support</a><br></p>
<p style="text-align: justify">The Base Network, a layer-2 solution built on the <a href="https://en.bitcoinhaber.net/ethereums-price-climbs-as-dencun-upgrade-approaches" rel="noopener noreferrer nofollow">Ethereum</a> framework, has recently achieved a significant growth milestone by reaching a total value locked (TVL) of $2 billion. In the span of just one week, the network saw a 43.61% surge in its TVL, signaling a strong interest from the cryptocurrency community, particularly in memecoin projects and airdrop events. Base benefits from the robust <a href="https://en.bitcoinhaber.net/alert-for-crypto-enthusiasts-beware-of-phishing-scams-disguised-as-patreon-emails" rel="noopener noreferrer nofollow">security</a> of Ethereum while facilitating faster transactions at lower costs, which is crucial for the scalability of the Ethereum network.</p>
<h2 id="strategic-investments-fuel-growth">Strategic Investments Fuel Growth</h2>
<p style="text-align: justify">Coinbase, a leading cryptocurrency exchange with a valuation exceeding $60 billion, has been instrumental in Base’s growth. The exchange, which handles a majority of <a href="https://en.bitcoinhaber.net/bitcoins-rally-mirrors-stock-market-gains-as-analysts-predict-further-upsurge" rel="noopener noreferrer nofollow">Bitcoin</a> spot exchange-traded funds in the United States, has formed strategic partnerships that bolster Base’s momentum. Jesse Pollak, who leads Base’s development, stated that a significant share of Coinbase’s revenue is allocated to Base’s advancement, including founder grants and resources for impactful contributors on the platform.</p>
<p style="text-align: justify">Coinbase’s vision positions Base as a primary entry point into the cryptocurrency market for its vast user base, which surpasses 110 million. The integration with Coinbase’s users offers an effective strategy for acquiring new users, addressing a common obstacle faced by emerging blockchain technologies.</p>
<h2 id="remarkable-user-adoption-and-upcoming-enhancements">Remarkable User Adoption and Upcoming Enhancements</h2>
<p style="text-align: justify">The strategy has yielded an extraordinary uptick in Base’s adoption. In March, the network’s daily new user registrations soared to 800,000, with revenues jumping from $18 million to $28 million, and daily transactions quadrupling from 500,000 to 2 million. This growth can be partly attributed to the Ethereum Dencun upgrade and the implementation of EIP-4844, which has noticeably reduced network fees, allowing Base to offer competitive services for high-frequency trading.</p>
<p style="text-align: justify">The ecosystem’s nascent stage coupled with the burgeoning interest in memecoin projects presents vast opportunities for discovery and investment. Analyst Miles Deutscher has suggested that a systematic analysis of token transaction volumes and ownership data could uncover lucrative prospects in this domain. He highlighted Toshi Base as a memecoin project with a robust community presence and the benefit of being an early adopter in the space.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/base-network-achieves-2-billion-milestone-and-coinbases-rolls-out-support" rel="noopener noreferrer nofollow">Base Network Achieves $2 Billion Milestone and Coinbases Rolls Out Support</a></h5>

Base Network Achieves $2 Billion Milestone and Coinbases Rolls Out Support

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