Member-only story
Hey everyone! Welcome back. I wanted to talk about something different today while also changing the tone a bit. We’re going to talk about a game-changer in the Ethereum ecosystem…BASE. Launched by Coinbase, this Layer 2 blockchain is set for massive growth and it’s something you should keep an eye on, so let us talk about it.
What is Base?
Since its debut on August 9, 2023, BASE has seen its total value locked (TVL) skyrocket from $400 million to a staggering $2.2 billion. That’s a huge leap, making BASE the eighth largest chain in terms of TVL. But what exactly does that really mean?
In simple terms, BASE is like an express lane on a busy highway — an Ethereum Layer 2 solution designed to alleviate congestion and lower transaction fees while providing a robust platform for developers. Think of it as a turbocharger for Ethereum, making everything faster and cheaper.
Why Base?
The brains behind BASE, like Jesse Pollock, envision a future where Coinbase brings its entire ecosystem on-chain. They want to transition from a centralized system to a decentralized one, where everyone can participate in the crypto economy without the usual headaches of high fees and slow transactions.
