Base Chain Surpasses Ethereum in Weekly Transactions and Active Addresses
Base Chain Surpasses Ethereum in Weekly Transactions and Active Addresses
馃殌 Base Chain Flips Ethereum
Base Chain, Coinbase's Layer 2 network, demonstrates significant growth metrics:
- Weekly transactions reached 65.9M (27% increase), surpassing Ethereum's 9.4M
- Active addresses grew to 9.7M (42% increase), exceeding Ethereum (2.14M) and other major L2s
- Current TVL stands at $4.7B
This growth follows the broader L2 ecosystem expansion, with total L2 TVL reaching $51.5B in late 2024, marking a 205% year-over-year increase.
Base Chain's performance indicates growing adoption of Layer 2 solutions for Ethereum scaling.
Base Chain, Coinbase鈥檚 L2 network, shows strong growth. 馃専 馃數 Weekly transactions rose 27% to 65.9M, surpassing Ethereum鈥檚 9.4M. 馃數 Active addresses grew 42% to 9.7M, exceeding Ethereum (2.14M) and L2s like Arbitrum, Polygon, & Optimism. 馃數 TVL stands at $4.7B.
Major Crypto Industry Shifts: Robinhood's Acquisition, SEC's Binance Decision, and More
Several significant developments are reshaping the crypto landscape: - **Robinhood** acquires Bitstamp for $200M, expanding its crypto services and boosting HOOD stock by 2.77% - **Kraken** seeks $100M+ funding at $20B valuation, eyeing 2026 IPO - **SEC** dismisses 2023 Binance lawsuit, indicating potential regulatory shift - **Trump Media** announces $3B cryptocurrency investment plan - **GENIUS Act** for stablecoin regulation heads to Senate vote These changes follow recent developments including ETH price movements, Pakistan's Bitcoin initiatives, and Coinbase's potential S&P 500 inclusion.
Bitcoin 2025 Conference Highlights: VP Vance and Farage Push Crypto Policy
The Bitcoin 2025 Conference in Las Vegas drew **30,000 attendees**, marking a significant milestone for cryptocurrency adoption. Key developments: - Vice President JD Vance promoted the GENIUS Act, focusing on stablecoin regulation - UK politician Nigel Farage unveiled crypto-friendly policies including: - Bitcoin reserve initiative - Reduced tax rates on crypto gains This follows VP Vance's earlier endorsement of Bitcoin, indicating growing political acceptance of digital assets across major economies. [Learn more about the GENIUS Act]()
xUSD Spotlight: Arbitrum Minting
xUSD is highlighting the benefits of minting on Arbitrum: - **Lightning-fast transactions**: Arbitrum's Layer 2 solution offers rapid processing times. - **Pocket-friendly gas fees**: Lower transaction costs compared to Ethereum mainnet. - **Seamless entry to xUSD ecosystem**: Easy onboarding for new users. The combination of efficient minting and Arbitrum's advantages opens up numerous possibilities for xUSD users. This update emphasizes the platform's commitment to providing a user-friendly and cost-effective stablecoin experience. **Key Takeaway**: Minting xUSD on Arbitrum offers speed, affordability, and accessibility.