Ethereum Layer 2 (L2) scaling solution Base is launching fault proofs on its mainnet on October 30, 2024. This upgrade aims to decentralize by enabling permissionless validation and improving security for users on the network. Base stated: Fault proofs are coming to Base Mainnet on October 30th, marking a key
The Base ecosystem, Coinbase’s Layer 2 network, had a standout month, with several tokens recording triple-digit gains over the past 30 days. Among these, AERO gained attention with its impressive 184,000 holders, more than double that of its main competitor, ALB. Memecoin DEGEN, however, stole the spotlight, boasting the highest
Base, the Layer 2 blockchain network nurtured by Coinbase, has recently surpassed 1 million daily active addresses. This marks a substantial increase in user engagement with the network growth of about 71% in the past 30 days. On Aug 24, Base recorded, 1.05 million active addresses and 1.03 million the
Coinbase-developed Ethereum L2, Base, transforms Ethereum interactions with its new feature, Basenames, launching today. Integrating with the Ethereum Names Service (ENS) infrastructure, Basenames emerged as a “onchain building block that enables anyone to establish their identity on Base.” The strategy for launching Basenames involves the Dutch auction mechanism for users
The decentralized finance (DeFi) landscape is about to witness a significant milestone with the release of Safuu 2.0 on the BASE Blockchain. As the first rebasing protocol on this burgeoning blockchain, Safuu 2.0 is set to redefine earning potentials and investment strategies for its extensive user base. Developed by the
Jeffrey Huang, popularly known as Machi Big Brother, a former musician, and prominent NFT player, recently dumped all his BLUR tokens at a $3.16M loss. Over the past 24 hours, he deposited 18.4M BLUR ($3.13M) to Binance, causing a price drop with each deposit. Machi Big Brother’s other holdings aren’t
The USDC stablecoin issuer Circle, has announced launch of EURC, its first euro-backed stablecoin, on Base, a layer 2 blockchain. Developers are being incentivized to create a digital currency backed by the euro in an attempt to facilitate quicker and cheaper transactions for people all around the world. It is
While the global crypto market faces a downturn with Bitcoin (BTC) dropping to the $57,000 zone, Friend.tech (FRIEND) recorded a new all-time low. According to the CoinMarketCap data, it dropped over 42.46% from the high of $0.4483 to the all-time low of $0.3062—a level not seen since its launch in
Base, the Ethereum layer-2 blockchain developed by a U.S. crypto exchange Coinbase, has marked a remarkable surge in its total value locked (TVL), surpassing Blast. According to DefiLlama, Base’s TVL stands at $1.549 billion and Blast’s TVL at $1.525 billion, a one-day change of 1.56% and 5.75% respectively. Total value
A major step towards decentralization will be taken by Base in mid-July when fault proofs are introduced on the Sepolia testnet. The integrity of transactions is guaranteed by this important advancement, which seeks to improve the network’s security and dependability. It is critical to comprehend the ramifications of this development
