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.
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.
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.”