Coinbase is going all-in on Base. The exchange is building a unified system where every financial action, whether it happens on the main Coinbase platform or in Coinbase Wallet, runs through its Layer 2 network.
The move cements Base as what its head, Jesse Pollak, has called “the blockchain for global finance.”
The numbers behind the consolidation
Base has hit roughly $5.7 billion in total value locked across decentralized finance protocols, an all-time high for the network.
The network has also established itself as a leader in stablecoin transfers. Base also accounts for a substantial share of Coinbase’s on-chain activity. The platform has cited the network’s rapid transaction speeds and low fees as core reasons for the consolidation.
