Base is the latest Layer 2 (L2) network developed by Coinbase using the OP Stack for Ethereum. It aims to address scalability and cost challenges faced by major blockchains like Ethereum. Coinbase describes it as a “secure, low-cost, developer-friendly Ethereum L2 designed to onboard the next billion users into Web3.”

BASE is designed as a standardized, modular, and rollup-agnostic superchain that provides developers with a user-friendly platform to create Web3 applications with enhanced scalability and reduced gas fees. With Coinbase’s support, BASE gains access to the exchange’s product suite, user base, and tools, bridging the gap between CeFi and DeFi.

According to NFTScan data as of December 22nd, the Base network has accumulated a total of 85,852,985 issued NFT assets, 47,108 NFT collections, generated 91,856,607 interaction records, involved 2,592,608 wallet addresses with interactions, and had a total transaction volume of 71,324.82 ETH.

Base is the latest Layer 2 (L2) network developed by Coinbase using the OP Stack for Ethereum. It aims to address scalability and cost challenges faced by major blockchains like Ethereum. Coinbase describes it as a “secure, low-cost, developer-friendly Ethereum L2 designed to onboard the next billion users into Web3.”

BASE is designed as a standardized, modular, and rollup-agnostic superchain that provides developers with a user-friendly platform to create Web3 applications with enhanced scalability and reduced gas fees. With Coinbase’s support, BASE gains access to the exchange’s product suite, user base, and tools, bridging the gap between CeFi and DeFi.

According to NFTScan data as of December 22nd, the Base network has accumulated a total of 85,852,985 issued NFT assets, 47,108 NFT collections, generated 91,856,607 interaction records, involved 2,592,608 wallet addresses with interactions, and had a total transaction volume of 71,324.82 ETH.