from the information of L2beat More than $111 million worth of crypto assets have been found to be bridged to Coinbase’s Base Network.announceLaunched Layer 2 on the Ethereum blockchain, launching the mainnet with the introduction of a bridge to Ethereum.
The official launch of the bridge It provides a built-in way for users to move their tokens between the Base network and Ethereum. Fraud proofs still in development The anti-fraud system allows users to validate transactions or update status on the blockchain.
Base’s launch is part of what Coinbase describes as a “Onchain Summerwhich will see brands including Coca-Cola and OpenSea join forces with crypto exchanges in on-chain activities.
innoteIn its second-quarter earnings report to shareholders, Coinbase cited Base as an initiative that demonstrates the company’s ambitions in expanding beyond the exchange.
refer : theblock
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