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Coinbase's layer 2 network, Base, has seen significant growth in 2024, generating approximately $33M in revenue since the start of the year, with over $20M in the last month alone. Base's total value locked (TVL) has reached $4B, with monthly transactions surpassing those on Ethereum and Arbitrum. Base processes about 57% of these transactions, leading the space ahead of Arbitrum and Optimism. The network's ecosystem is expanding rapidly, with around 8.6k daily deployments, indicating a resurgence in decentralized finance (DeFi). Uniswap, in particular, may become a major beneficiary of Base's growth, with daily transaction counts on Base increasing fivefold in the past month. Coinbase's total revenue from Base has now exceeded $40M, with the network consistently clearing approximately 3M daily transactions. This performance has sparked discussions about Base potentially onboarding the next 100 million users onto the blockchain, with strategies including seamless onboarding via the Coinbase Smart Wallet.
Memecoins the true crypto beta https://t.co/IPzJ4sMSIu
We did almost as much on-chain tx on @base for @GetReachxyz in 48 hours as we did on ETH mainnet since early Jan 😅
A COMPREHENSIVE LIST OF BASE NETWORK’S TOP MEMECOINS… - It’s no secret that @Base Network has become a hotbed for memecoin activity. - The network’s total-value locked has surged from just $400 million at the end of February, to as much as $1.5 billion at time of writing, with… https://t.co/BbICrPAluH
Memecoins-A Trojan Horse For Web3 Memecoins have been all the rage lately. Are they a bubble? Or can they add real value to web3? In this Thread, I’ll share 3 critical insights to understand memecoins and their vast potential. Let’s dive in! https://t.co/d5HC2P0wXw
We believe there’s no better chain to launch on than @base Base is a consumer focused L2 backed by a $60B company Their mission is to onboard millions of people on chain Our goal is to be there when they arrive To build on-chain apps that people actually want and can use
💡 "If we treat contract deployers as builders, @base is already 2-3x more popular as an application platform than @ethereum mainnet." 🚀 @Beacon_Finance is on the lookout! Ready to harness this momentum to maximize your yields across all top platforms. Stay tuned for more!
Commissions on the #Base network brought the Coinbase exchange $20.5 million in March. Meanwhile, the protocol’s TVL exceeded $5.5bn. https://t.co/AS8VphFGdM
.@base TVL is up and to the right and Wall Street doesn't understand the implications. From less than $1B in Feb to ~$6B today. @coinbase is bringing everyone onchain https://t.co/NZMRyjbbjq
coinbase total revenue from BASE is almost $50,000,000 you can bet other companies are paying attention corporate L2s will be a thing access your own community, tokenize products, community oriented products, free distribution of content the vision is clear https://t.co/2KubcEtLlQ
Meme coins are bearish for crypto https://t.co/w53WQ8k5nm
Crazy Prediction: Total meme market cap will hit $1T this cycle. Nobody believes it’s possible. But I haven’t heard a good reason why not. Memes are easy to adopt, grow fast, and can target hundreds of different communities and ideas. It’s a big market. Let’s go!
And Base has been consistently clearing ~3M daily txns (34.7 TPS) over the past week! https://t.co/CaI60ar2WA https://t.co/ElGR7HqmNx
Ethereum - gassy Solana - Failed transactions BTC - HODL ADA - Coming soon Seems like Base is the only option left! What @BASE coins am I missing?👀👇🏼
"BASE IS ETHEREUM" "BASE SZN IS ETHEREUM SZN" starting to connect the dots? 🤩 https://t.co/hNFCsVBZwb
↑ is such a great symbol for @base and why $higher resonates so much TVL locked ↑ On-chain tx ↑ $coin ↑ @base builders ↑ together lfg @jessepollak https://t.co/amuuoEA8Ls
Base is Ethereum 🔵 #getsoftgetbased https://t.co/ButLiAUL7T
What memecoin is doing this right now? Shill me so I don’t miss it 🙏 https://t.co/ZnJWFngysE
Absolutely insane start of the month for Coinbase $COIN L2 network Base, as daily Tx are surging to new all-time highs while fees are dropping towards all-time lows. Earlier this week more than 3.1M daily Tx were handled by the network with an average Tx fee, including priority… https://t.co/JOkEuyCSRC
Today, #Chainlink Functions went live on @base – a fast, scalable, developer-friendly L2 incubated by @coinbase – giving developers access to trust-minimized compute infrastructure that allows them to fetch data from APIs and perform custom computation. https://t.co/VdTbHnLUsy
Coinbase's revenue from Base is soaring, hitting a whopping $16 million in March. The profit from Base is a major win for Coinbase. https://t.co/Jvepi1aRZU
Excited to announce our integration with @base 🔵 Our intuitive on-chain visuals are now on Base, the fastest growing L2, with over $1 billion in TVL. Start exploring now 👇 https://t.co/tAeJwAGKen
#Chainlink Functions live on @BASE 🎯🚀 https://t.co/nDm9TyRjHp
#Chainlink Functions is now live on @base—the layer-2 network incubated by @coinbase. Base devs can now access real-world API data, AI models, cloud services, and legacy systems—all in a serverless manner👇 https://t.co/mHMK22eTDG
/Reach is thrilled to announce its migration to @base, a Layer 2 solution on the Ethereum blockchain. For full details on the migration view our official press release: https://t.co/y02Gn3TrsX https://t.co/wNqyzgq6HQ
Excited to share that Nimble has integrated with Base! By deploying our contracts on Base, dApp developers can access AI models and data markets available on Nimble. Base’s ease of on-ramping, low transaction costs, and EVM compatibility make it a natural hub for dApp… https://t.co/KO2QOHsMul
Coinbase's layer 2 network, Base, has been making headlines for its high transaction-per-second throughput compared to Solana https://t.co/V9KF9k58TM
Meme coins are the most volatile and risky play in web3. You should not have any emotions attached to any of these coins. I get the sentimental attachment with NFT's and not wanting to let go sometimes. I don't get why the attachment with overnight meme coins. Am I right?
Will @base onboard the next 100 million users onchain? @jessepollak believes it will and that by end of this year Base will be the largest onchain economy besides Ethereum... Their plan to get there includes: -Seamless onboarding via the @coinbase Smart Wallet. -Rapidly… https://t.co/YrxWTKS6FB
💡 Crypto Basics #Memecoins are shaking up crypto in a big way. Within a week, these meme-based crypto projects raised $150 million by selling tokens before launch. Let's dive into the reasons behind this hype 👇 https://t.co/eK4buuGMUl
Coinbase's total revenue from Base has now surpassed $40,000,000. Starting to go parabolic! 🔥 https://t.co/n4H3FzPhsz
🧑💻 Could @Uniswap become the biggest beneficiary of @base's growth? 🆙 Daily transaction count on Base has 5x’d in the past month 🦄 4 / 5 of the most used contracts on Base belong to Uniswap https://t.co/3DjaCEvsjo
🚀 @base's ecosystem hits a new high with ~8.6k daily deployments, signaling a #DeFi renaissance! Our upcoming Yield Aggregator is poised to capitalize on this wave, ready to transform your assets into smarter, more efficient earnings. Stay tuned! 🌾💹 #Yield #Base
Coinbase generated over $20M in revenue from Base last month 👀 https://t.co/sJMnDne96Z
#Base hits $4B TVL as monthly transactions surpass Ethereum and Arbitrum. 🛡️ Base currently processes ~57% of these transactions, followed by Arbitrum and Optimism with 31% and 11% respectively. https://t.co/rv088VAInn
Coinbase revenue from Base continues to parabolic, ~$33M of revenue since the start of 2024 https://t.co/pLYmpybcDr