CandleFocus DeFi Altcoin and Ethereum (ETH) Layer-2 Blockchain Both on the Rise After Coinbase Listing
2024-09-26
Author: Content Editor
Coinbase has announced the addition of decentralized finance (DeFi) platform Moonwell (WELL) and Ethereum scaling solution ZKsync (ZK) to its suite of products. Customers can now buy, sell, convert, send, receive, or store WELL and ZK on Coinbase. Following the news, both WELL and ZK experienced significant gains, with WELL rising by 31.22% and ZK increasing by 4.21%. ZKsync utilizes zero-knowledge (ZK) cryptography to enhance Ethereum's transaction speeds and lower costs. Moonwell is a crypto borrowing and lending platform built on Coinbase's Base blockchain, along with other Ethereum-based solutions. Moonwell recently became the first app on Base to support cbBTC, a tokenized version of Bitcoin.
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