BASE

The Coinbase-incubated Ethereum layer-2 network Base is showing steady growth, although the rate has slowed since its initial surge. According to the recent data from L2Beat, Base’s total value locked (TVL) is nearly $735 million, exhibiting a 4% rise in the past week. Since its official launch in August 2023, Base Network’s TVL —a metric […]

KyberSwap, a decentralized exchange (DEX), has fallen victim to a significant exploit, resulting in the loss of approximately $46 million in various crypto assets. The incident, which raised concerns among users about the security of their assets, was reported by Kyber Network on Nov. 23. The team said the attack targeted KyberSwap Elastic, its auto […]

Decentralized oracle network Chainlink (LINK) has announced that its Cross-Chain Interoperability Protocol (CCIP) is now live on Coinbase’s Ethereum layer-2 scaling solution, Base.  According to a statement, this latest development aims to provide base developers with a secure means to build cross-chain services and applications capable of transferring tokens, sending messages, and initiating other transactions […]

According to insights from IntoTheBlock, major participants in the­ Ethereum Layer 2 (L2) se­ctor are increasingly specializing, with Base­ emerging as a prominent le­ader. Among these participants, Base offering has surged ahe­ad by boasting the highest number of distinctive­ addresses and transactions, bene­fiting greatly from Coinbase’s exte­nsive network. This shift has created a favorable landscape […]