I wanted to check how is going the activity of Base, so I went to BaseSwap (a decentralized exchange (DEX), recently launched on Base) and check on Defillama platform and check how is the activity on Base.
So, according to DefiLlama's data, Baseswap ranks 1st with a TVL of $19.49M.
The TVL (Total Value Locked: for Dexes, TVL is the value locked in liquidity pools that facilitate trading on... More
I actually wondered what is the difference between Ethereum and Base and I figured that building on Base and Ethereum are pretty much the same, except for some minor discrepancies that probably only techs and devs understand at once...
I think is important to know that Base has been built on OP stack and designed to be as close to Ethereum as possible. And, when building DApps on Base, take into... More
As the high-profile Layer 2 solution developed by Coinbase, the traction that draws users to the Base network hasn't waned since the initial announcement leading up to the mainnet launch. Not only has the transaction count remained somewhat consistent, but the number of active users has also experienced a notable increase at a steady growth rate. This indicates sustained interest in the network.... More
Base is a layer-2 blockchain on Ethereum developed by Coinbase exchange based on Optimism's OP Stack technology.
Base was introduced as a secure, low-cost and developer-friendly solution. Base's vision is to be one of the best places for developers to build DApps on Ethereum.
Highlights of Base
Over the past decade, this company has been on a relentless quest to create something truly groundbreaking—an open financial system that empowers individuals globally. Let me take you on a journey through their story, and trust me, it’s one worth sharing.
In Phase 1, Base’s journey began right alongside the emergence of the titans of the blockchain world, Bitcoin and Ethereum. It was a time of... More
Coinbase has more than 108M users. Meanwhile Binance has around 90M users. These numbers give you an indication of how much potential value can be achieved by their chain. Given that Blackrock are... More
New Ethereum L2, incubated by Coinbase and built on the open-source Op Stack. Launching on the 9th of August 2023
A project led by Brian Amstrong, founder of Coinbase and crypto industry leader.
Why Building Base?
Coinbase aims to move the world towards having as many useful blockchain-based applications as we have now like Amazon, FB, Uber, and YouTube. With Base, Coinbase wants... More
It is no secret that Base was incubated by Coinbase, and apparently it was all apart of a ‘secret master plan’ Coinbase CEO, Brain Armstrong’s came up with in 2016 for the fourth phase of the company's development, where decentralised apps would become the focus and be aimed at reaching one billion people.
This meant Base has had the crème de la crème of Coinbase engineers working on the L2,... More
Let's focus on projects built on BaseChain, as it is one of the key metrics for blockchain. Rights now most of projects is fork of Ethereum projects. For example, BaseSwap (TVL $47.64m) - DEX on Base Chain is the fork of Uniswap V2. RocketSwap Base (TVL $3.35m) - one more DEX is the fork of Uniswap V2 again. Synthswap (TVL $2.81m) - again fork of Uniswap V2. Kokonut Swap (TVL $9.35m) - fork of... More
Base caught my attention for its commitment to providing a secure, low-cost, and developer-friendly layer-2 solution on Ethereum. As a fan of Optimism, I was naturally drawn to what Base has to offer. The project's backing by Coinbase adds a significant layer of credibility and financial stability, which is a strong point in its favour.
While Base has made progress in on-chain activity with the... More
Is Base a revolutionary L2? Right now I would say no it isn’t.
The main thing it has going for it is the mighty backing of Coinbase behind it, this will likely entice developers to work with Base since it will unlock access to Coinbase’s massive existing 10 million + verified user base of non-DeFi natives and $80B+ assets in its ecosystem.
Also using Optimism’s tech stack, Base offers an... More
Base is a new Ethereum L2 network, incubated by Coinbase and built on the open-source OP Stack. Base is secure, low-cost, developer-friendly network that is built to bring the next billion users to web3.
Since the launch of Base Mainet, The onchain activity has not slowed down. The Not only has the transaction count remained consistent, it has doubled and even trippled. For the past mont, The... More
This feels like a cheap Ethereum knock off. But the influence of Coinbase will probably drive it to wide adoption.
The primary benefits of Base will be faster transaction times and cheaper transactions, when compared to Ethereum.
It looks like tokens can be bridged from Ethereum, or created directly on the Base network. If you bridge ETH into Base, you'll get a "wrapped" token called cbETH.... More
First things first, what is Base Chain? In short, it's a digital platform that allows users to create, manage, and deploy their own decentralized applications (dApps) on the Ethereum blockchain. But, don't worry if that sentence went over your head. All you need to know is that Base Chain is like a super-powered LEGO kit for building awesome crypto apps.
Now, let's get to the fun part! With Base... More
Base was created with the aim of fostering an environment that propels DeFi organizations to concentrate resources in constructing higher-quality dApps than the current ones. Base's vision is to evolve into an expansive open ecosystem, more precisely, a superchain, where projects, users, and assets from Coinbase serve as a launchpad for numerous potential products to emerge.
Although Base... More
Base is an Ethereum layer 2 blockchain backed by leading exchange Coinbase. It aims to enable developers to build customized solutions and tap into Coinbase's 100M+ user base. As an Ethereum L2, Base reinforces ETH while improving scalability.
Reviews cite Base's Coinbase support and open ecosystem approach as major strengths. Faster block production improves speed versus Ethereum. Dynamic fee... More
A very good platform. Ease of use, fast and cheap transactions...etc. Starting from the premise that behind is Coinbase, which has an enormous community, and having investment involvement from several branches, I think that in the coming years, Base will be at the top of the ranking. I like. We will see how it progresses.
