Remarkable Expansion of the Coinbase Network: TVL of Base Doubles in Under a Month
In less than a single month, Coinbase’s Base network experienced a phenomenal growth, doubling the total value locked (TVL) from $1 billion to an astounding $2.13 billion. This impressive increase in the Coinbase network growth occurred in a significantly shorter time frame compared to the initial achievement of $1 billion, which required 203 days following the network’s inception in August. Some analysts are beginning to view Base as an emerging hub for the increasingly popular memecoins. The most substantial token, in terms of innate value minted within the Base network, is the USD Coin (USDC), boasting a massive $600 million. EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. (ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH.), however, takes the lead when considering value bridged canonically, with a whopping $798 million. This swift expansion of the Coinbase network may potentially act as a catalyst for the wider acceptance and adoption of memecoins, thereby fostering further Coinbase network growth.
Not financial advice. Always be safe and secure when dealing with cryptocurrency. Never send anyone your private key. Always Do Your Own Research..DYOR..DYOR..DYOR!
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