The highly anticipated launch of Coinbase's "Base" blockchain is now complete. On Wednesday, August 9, the publicly traded crypto exchange announced that the Base mainnet is officially open to the public, featuring over 100 decentralized applications (dApps) and service providers as part of its ecosystem.
According to Jesse Pollak, Coinbase's Protocol Lead, users can explore these dApps while benefiting from lower transaction fees and faster processing speeds compared to Ethereum.
Since its debut on the testnet in February and subsequent developer release in July, Base has integrated multiple crypto projects—including DeFi protocols, wallets, bridges, oracles, and analytics providers.
Coinbase’s Vision for Base
Coinbase anticipates that Base will become the default network for its blockchain-based products.
"We’re thrilled to announce that the Base mainnet is now live and available to everyone. At launch, there are over 100 dApps and service providers in the Base ecosystem, along with deep integrations across Coinbase’s product suite," said Pollak.
Per data from DeFi Llama, Base’s Total Value Locked (TVL) exceeds $45 million** (over **R$220 million), with the leading protocol being the DEX BaseSwap ($21.9M TVL), followed by **SushiSwap V3** ($6M) and RocketSwap Base ($4M).
This metric ranks Base as the fifth-largest Layer 2 blockchain.
Key Features of Base
- Security-First: Built using Optimism’s OP Stack for rollup interoperability.
- Low-Cost Transactions: Designed for affordability and scalability.
- Developer-Friendly: Aims to onboard the next billion users to web3.
To celebrate the launch, Coinbase introduced the "Onchain Summer" campaign with corporate partners like Coca-Cola, showcasing Base’s capabilities.
FAQs
1. What makes Base different from other Layer 2 solutions?
Base prioritizes security, cost efficiency, and seamless integration with Coinbase’s ecosystem, leveraging Optimism’s OP Stack for interoperability.
2. How can users access dApps on Base?
Users can explore over 100 dApps directly via supported wallets, benefiting from faster transactions than Ethereum.
3. What is Base’s long-term goal?
Base aims to democratize web3 access, targeting mass adoption through its developer-friendly infrastructure.
👉 Discover how Base is transforming blockchain accessibility
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