Coinbase Launches Ambitious Layer-2 Network Base, Aims to Lead Mass Adoption of Web3
• Coinbase launched Base, an Ethereum layer-2 network, establishing itself as more than just a crypto exchange
• Base boasts over $400 million in total value locked, making it a top 10 blockchain network
• Base aims to onboard 1 billion users by offering more than just financial services - also art, music, gaming, etc.
• Coinbase is using Base to position itself at the center of mass adoption of blockchain technology
• As the first major exchange to launch a layer-2 network, Coinbase has a substantial head start over rivals who have since announced similar plans