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Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine the security and sustainability of the base layer (L1), with fees and rewards for miners and validators dwindling. Growing L2 Adoption Raises Concerns … Read more
Aerodrome Finance has made a major impact on Base, the Layer 2 Ethereum network developed by Coinbase, funneling over $1 billion into the platform. Aerodrome Finance has funneled over $1 billion into Base, a Layer 2 Ethereum network nurtured by Coinbase, claiming more than half of its $2 billion total value locked (TVL). As the … Read more
According to L2Beat, six Ethereum layer 2s have already reached Stage 1, while most others are still stuck at Stage 0. Go to Source
Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody. Coinbase Wrapped Bitcoin Opens New Defi Opportunities According to the San Francisco-based crypto exchange, … Read more
The exchange announced that cbBTC is now available in the United Kingdom, Australia, Singapore, and all US states except New York. Go to Source
Coinbase CEO Brian Armstrong announced the platform’s first AI-to-AI cryptocurrency transaction, highlighting a new application of digital currency by artificial intelligence agents. Armstrong believes this advancement will enhance AI’s capacity to independently obtain resources and engage with humans and other AI systems. He encourages developers to add crypto wallets to support the growth of AI-to-AI … Read more
Interactions with Ethereum DApps are soaring, but ETH price has failed to react. Go to Source
Coinbase CEO Brian Armstrong reflects on the past decade of the cryptocurrency industry, highlighting his initial expectation that payments would be the primary application for crypto. Instead, trading became the dominant force. Looking ahead, Armstrong remains optimistic about the future of crypto payments, citing advancements in stablecoins, layer two technologies, and simpler onboarding processes as … Read more
Coinbase layer-2 network Base has notched a record number of daily active addresses amid a surge in growth of the new “basenames” service. Go to Source
Ethereum’s Dencun upgrade has “greatly improved” the economics of Ethereum rollups. However, Galaxy says it also brought more failed transactions. Go to Source
