PANews reported on September 18 that according to The Block, Coinbase's Layer 2 solution Base set a new record of more than 4.5 million transactions last Saturday, further consolidating its position as the leading Layer 2. Base's rapid growth and strong ecosystem have driven its leading position in the expansion race. In addition, Coinbase's recently launched cbBTC (an ERC-20-based Bitcoin wrapped token) has also promoted Base's activity. cbBTC provides new DeFi opportunities for Bitcoin holders, which can be used in the Ethereum and Base ecosystems. Bitcoin users can provide liquidity or use it as collateral to borrow other assets.
