๐Layer 2 networks are buzzing, but Base is stealing the show!๐ฅ Despite market volatility, Base has seen a whopping 6,500 ETH in net deposits this week, outpacing rivals like Arbitrum and Optimism.๐
Why Base? It could be its solid infrastructure or its reputation for reliability. Launched by Coinbase in 2023, Base aims to speed up transactions and cut costs.๐ฅ
๐After Ethereum's Dencun upgrade, Base's daily trading volumes soared past $1 billion, closing the gap with Coinbase's main exchange.
But watch out!๐จ Base's popularity has also attracted scammers. Two of the top 10 largest single thefts this month happened on Base, with scam activity up by 1,900% since January.
๐ฃ๏ธWhat's your take on Base's rise? Are you investing in Layer 2 networks? Let's chat in the comments! #DeFi #Layer2 #CryptoNews
(๐ฐ: CryptoPotato)