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Backed Finance Tokenizes Treasury Bond ETF on Coinbase’s Base Network
7.10.2023
Backed Finance, a real-world asset tokenization issuer, announced its successful issuance of the first tokenized security on Coinbase’s Base, a layer two (L2) blockchain. The team introduced bIB01 tokens to the decentralized finance (defi) sector, mirroring the price dynamics of the Ishares...
Backed Finance Rolls Out Crypto-Backed BlackRock ETF on Base Protocol
6.10.2023
Switzerland-based blockchain protocol Backed Finance has launched the first-ever tokenized government bond on the Base network.
Culled from BlackRock's iShares bond exchange-traded fund (ETF) UCITS, this financial instrument will be identified by the ticker symbol blB01.
It represents...
Tokenized U.S. Treasuries Arrive on Coinbase’s Base with Backed’s RWA Token Issuance
6.10.2023
The market for tokenized U.S. Treasuries has grown sixfold this year to $666 million, according to a real-world asset data provider
Blackbird, Crypto Restaurant App, Raises $24M in Funding Led by A16z
5.10.2023
The target audience is restaurant users, but the blockchain-based project comes with its own "Flypaper" and fungible FLY tokens
At Last, Blockchain Developer OP Labs Delivers ‘Fault Proofs’ Missing From Core Design
3.10.2023
The developer’s OP Stack software – the blueprint for Coinbase’s new Base blockchain – had been criticized for the lack of a crucial security feature, likened to driving a fast car without airbags
Friend.tech's Revenue Growth Exceeds 10,000 ETH Milestone
2.10.2023
Base-based, Twitter-linked decentralized social network Friend.tech is approaching ETH 11,000 in protocol fees.
Friend.tech is a Social-Fi decentralised application (dapp) deployed on Coinbase’s Base.
According to Dune Analytics, the total protocol fees hit ETH 10,727.622 (or $17,606,837), where...
Pond0x DEX claims $100M in trading volume as critics allege it’s a scam
29.9.2023
Pond0x reported that its DEX reached $100 million in cumulative volume, citing a Dune dashboard as evidence
ParaSwap goes live on Base
28.9.2023
ParaSwap, a middleware for traders and decentralized applications, is now live on Base, an Ethereum L2 solution. With an announcement stating that this is a significant leap for them, ParaSwap has confirmed the development. Going live on Base aims to offer traders more opportunities at the best...
The Scalability Solution: Understanding Layer One vs. Layer Two Blockchains
28.9.2023
Layer one (L1) and layer two (L2) blockchains offer different approaches to scaling distributed ledger networks. While developers of L1 blockchains focus on improving the base protocol, L2 programmers have moved transactions off-chain to enable faster and cheaper transactions. What Are Layer...
Chainlink’s Cross Chain Protocol Goes Live On Base: Here’s The Latest
27.9.2023
Blockchain oracle network Chainlink has integrated its Cross-Chain Interoperability Protocol (CCIP) on the Coinbase layer 2 network, Base.
According to a Sept 27 press release, the cross-chain interoperability protocol is now live on Base giving the network’s developers access to the whole...
Central Bank Digital Currency a Threat to Financial Stability — Nigerian Central Bank Study
27.9.2023
Despite the role it has played in narrowing the financial inclusion gap, the e-naira central bank digital currency still poses a risk to financial stability. In addition to bolstering the financial inclusion rate, the central bank claimed that the CBDC would “widen the size and stability...
Diminished Activity, L2 Migration Push Ethereum to Turn Inflationary
24.9.2023
Recently, Ethereum has seen a shift towards inflation, sparked by a dip in network activity and onchain fees. Data reveals that, with decreased activity and lower fees, Ethereum’s inflation rate stands at 0.270%. The decline in overall activity and people transitioning to layer two (L2)...
Base Network Outstrips Solana's TVL as Summer Lull Draws to a Close
23.9.2023
Coinbase's layer-2 network, Base, has surpassed Solana (SOL) in terms of total value locked (TVL).
Base's TVL has reached an impressive $397.32 million since its launch in August, outpacing Solana's TVL of $358.96 million, data from DefiLlama shows.
Over the past month, Base has experienced...
Base surges past Solana as total value locked nears $400M
23.9.2023
As per DeFi Llama data, Solana’s TVL has decreased by 9.64% over the past month to sit at $358.96 million, while Base’s TVL has surged to $397.32 million
Post.Tech, Friend.Tech's Rival, Sees Surge with $1.8 Million Daily Trading Volume
22.9.2023
In the world of social media, competition is fierce, and when it comes to token-gated channels, pioneer Friend.Tech dominated until rival Post.Tech recently experienced a surge in daily trading volume, The Block reported on Thursday.
Post.Tech operates much like its predecessor, Friend.Tech...
Coinbase’s L2 Blockchain Base Skyrockets 111% in 41 Days, Overtaking Solana in TVL
21.9.2023
According to statistics, Coinbase’s Layer two (L2) blockchain, built on Ethereum and using Optimism’s open-source OP Stack, has grown significantly in the past 41 days. Since August, when the platform had a total value locked (TVL) of $175 million, the figure has increased 111% to $370...
First Mover Americas: Friend.tech Drives Up Coinbase’s Base Blockchain Activity
18.9.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Base Network hits almost 2M transactions in a day, still lags Polygon, BSC
17.9.2023
Base surpassed other layer-2 networks like Optimism and Arbitrum in terms of daily transactions but still lagged behind Polygon and BSC
Coinbase’s Base Blockchain Hits Record High for Daily Transactions, Eclipsing Rivals
15.9.2023
FriendTech, which is only available on Base, is driving a significant portion of the activity, according to IntoTheBlock
Paypal Offers More Crypto Payment Options for Web3 Merchants in US
13.9.2023
Payment processor Paypal announced it’s introducing on- and off-ramps to facilitate crypto payments for Web3 platforms. Once integrated, merchants in the sector will be able to employ them to expand their user base by connecting to Paypal’s payments system. Paypal Launches On-...