Coinbase’s groundbreaking new blockchain has already amassed an astounding $68 million in Ether, despite not yet being officially launched. It’s breaking barriers and redefining the future of cryptocurrencies.
Source: Flickr
With the potential to revolutionize the very foundation of blockchain technology, the stage is set for a remarkable journey into uncharted territory.
Bridges like Base, which use blockchain technology, enable token transfers between two or more networks. Early in July, Base, a platform built by cryptocurrency exchange Coinbase atop OP Stack, became live for developers so they could try out blockchain-based goods and applications ahead of a scheduled launch later this year.
According to on-chain data, during the past 48 hours of the meme coin BALD’s enormous rise, almost $68 million worth of ether was bridged to the network. (Inflows were only about $500,000 to $700,000 per day prior to the weekend.) No other wallets moved more than $1 million in ether to the network; the most active wallet did.
Coinbase Executive Releases Global Prediction: “8 Billion People On-Chain”
Over the past month, the stock price of CoinbaseCOIN, a significant U.S.-listed bitcoin and cryptocurrency exchange, has skyrocketed.
Source: Flickr
The crypto market expanded to over $3 trillion in 2021 before dropping through 2022, and Coinbase’s goals have grown along with it. The San Francisco-based business stated last month that “over 1 billion people in crypto” is its “goal.”
