đ Bitcoin Enthusiasts, Rejoice! đ
Coinbase's Ethereum layer-2 protocol, Base, is making waves in the crypto world! đ With the recent launch of Coinbase Wrapped Bitcoin (cbBTC) and the Base Name Service (BNS), daily active addresses on Base have skyrocketed! đ
cbBTC, backed 1:1 by BTC, offers users access to a plethora of DeFi applications. In just under two weeks, it has attracted over 3,500 users and settled an average of $472 million in BTC daily. đ°
Meanwhile, BNS, launched on August 21, allows users to register human-readable names for their addresses, boosting on-chain identity. This has played a massive role in Base's growth, with daily active addresses surpassing 2 million! đ
Despite some criticisms regarding Coinbase's transparency, the surge in activity on Base is a testament to the growing interest in Bitcoin and its wrapped counterparts. Keep an eye on BTC, folks! đ
