CandleFocus

Saving self-custody from bone-headed blunders

Author: Content Editor
Coinbase has upgraded its asset recovery tool to support Base and allow users to recover ERC-20 tokens mistakenly sent to Coinbase addresses. The tool will enable users to recover around 4,000 distinct tokens, with a small administrative fee applying to recoveries over $100. Meanwhile, Sygnum Bank has launched a Safe recovery module to help users regain access to lost Safe wallets. The module provides an institutional-grade recovery option to address the issue of inaccessible funds due to forgotten keys. Sygnum can restore wallet access as a designated recoverer on Safe’s platform. Both services aim to provide practical solutions for key management in the crypto space.

In other news, Sui, the MoveVM L1 platform, has seen a significant growth in trading volume and market cap. Sui's liquidity incentives have contributed to its rapid growth, with an estimated weekly average of about 643k SUI given out. The platform's technological design, including its parallelized execution and fee market system, sets it apart from older chains and enables faster and more scalable transactions.

Lastly, Base has recorded a high share of total USDC transfer volumes across major EVM networks, particularly on Ethereum mainnet. The surge in activity is attributed to various factors, such as the revamp of Coinbase's Web3 smart wallet and the conclusion of Base's "Onchain Summer" campaign.

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