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A whole lot of tens of millions of {dollars} value of Ethereum (ETH) and different crypto belongings have been moved to Coinbase’s new layer-2 scaling answer Base simply hours after its launch.
New knowledge from Dune Analytics reveals that about $163 million has been moved to the bridge, which is powered by the blockchain-scaling answer Optimism (OP) because it publicly launched yesterday.
The info exhibits 72,724 ETH value $135.8 million, $19.2 million value of stablecoin USD Coin (USDC), $5.7 million value of stablecoin Dai (DAI), and $3.1 million value of Coinbase Wrapped Staked Ethereum (cbETH) have been moved to the brand new layer-2 scaling answer.
Moreover, the information exhibits that the variety of every day lively customers on Base rose to its highest quantity ever, 100,983, simply in the future after Coinbase announced that Base can be open to everybody.
Base’s every day transactions peaked at 607,000 in July when it opened to blockchain builders. On its public launch day, every day transactions reached over 380,000.
To commemorate the layer-2 scaling answer’s public launch, Coinbase is throwing the first-ever on-chain summer season competition.
“Onchain Summer season kicks off at present to mark the launch of Base Mainnet. This multi-week on-chain competition celebrates on-chain artwork, tradition, music, gaming, and extra. Discover every day mints and tales dropped at you in collaboration with 50 of the world’s main builders, manufacturers, creators, and artists.”
In July, Coinbase said its purpose was to onboard over a billion customers into the crypto sphere. Nevertheless, it famous that it has no plans to launch a token related to Base.
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