Why Base's Rapid Growth is a Double-Edged Sword for Coinbase - BeInCrypto

Summary

The article discusses the growth of Base in the crypto market, particularly following Ethereum's upgrade, which positively impacted layer-2 solutions like Base. It highlights how Base's TVL growth is challenging established cryptocurrencies such as Solana, and details Coinbase's strategies, such as a Smart Wallet for dApp interaction and passkeys for ease of use. The article also notes Base's rising popularity among developers over Ethereum. The tags 'Blockchains, Cryptocurrencies, Cross-platform software, Ethereum, Coinbase, Decentralized application, Solana, MetaMask, Decentralized finance, Cardano' encapsulate the broader context of Base's rise within the decentralized finance ecosystem and its connection to other cryptocurrencies and blockchain technologies.