Coinbase's Layer-2 (L2) blockchain solution, Base, has achieved a record-breaking daily decentralized exchange (DEX) trading volume of nearly $3 billion. The milestone highlights Base's growing prominence in the L2 space and its role in scaling on-chain transactions for Coinbase users. Base's success is notable as it operates without a native token, focusing on utility and reducing speculative risks. The network's total value locked (TVL) has also seen consistent growth, indicating increased user participation and liquidity. Despite facing criticism for alleged copying, Base is positioning itself as a serious contender in the L2 space, competing with established players.



Other News from Today