Coinbase’s Ethereum layer-2 protocol Base has recently seen a huge increase in daily active addresses. This increase is attributed to the launches of Coinbase Wrapped Bitcoin (cbBTC) and Base Name Service (BNS). 🚀

cbBTC provides users with access to DeFi applications, while BNS allows users to register human-readable names on the network. These services have contributed to Base’s daily active addresses exceeding 2 million.

Base is the leader among Ethereum layer-2 networks with a 70% share. However, there has been some criticism about cbBTC’s Bitcoin reserves and user agreement. 🌐