Coinbase’s Layer 2 Base reaches new milestone

Coinbase’s Layer 2 solution Base recently set a new record with over 4.5 million transactions in a single day, thanks to the launch of wrapped Bitcoin token cbBTC. This surge reflects significant increases in user adoption and usage.

cbBTC enables Bitcoin holders to seamlessly access Ethereum’s decentralized finance (DeFi) ecosystem, promoting the participation and activity of new users. With cbBTC, Bitcoin holders can provide liquidity to DeFi protocols, conduct transactions, and participate in yield farming without having to convert assets.

Base’s powerful transaction processing capabilities have proven its scalability, attracting more and more users and developers, and solidifying its key position in the field of blockchain scalability. This milestone not only demonstrates Base’s potential but also sets the stage for future growth.

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