Blockchain
Coinbase’s Layer-2 Blockchain Base Network Surpasses $4 Billion TVL
Base, the Ethereum layer-2 blockchain developed by leading US crypto exchange Coinbase, has experienced a remarkable surge in its total value locked (TVL), surpassing $4 billion for the first time. According to L2BEAT, Base’s TVL stands at $4.15 billion, with $1.45 billion representing canonically bridged value and $2.7 billion in natively minted assets.
Base currently holds the third position among Ethereum layer-2 solutions in terms of TVL. It outpaces its closest competitor, Blast, which has a TVL of $2.77 billion. However, it is trailing Optimism in second place, with a TVL of $7.68 billion and market leader Arbitrum, which has a TVL of $18.77 billion.
Notably, among the top five layer-2 networks, Base is the only L2 to have witnessed a gain in TVL over the past week. Starknet experienced the largest loss at 9.0%, followed by Optimism with a decline of 8.2%. The surge in Base’s TVL coincides with a surge in activity, as its 30-day transaction count has surpassed both Ethereum and its rival Arbitrum. Base recorded 50.34 million transactions, outpacing Arbitrum’s 40.1 million and Ethereum’s 37.9 million.
Ethereum continues to focus on enhancing its layer-2 capabilities, as the recent Dencun upgrade successfully introduced EIP-4844, which lowers transaction costs for Base and other layer-2 solutions. Analysts at VanEck estimate that the scaling ecosystem of layer-2 solutions could achieve a market capitalization of $1 trillion by 2030.
Source: finance.yahoo.com
The post Coinbase’s Layer-2 Blockchain Base Network Surpasses $4 Billion TVL appeared first on HIPTHER Alerts.
WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space.
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
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