Coinbase’s Base Mainnet Officially Open to the Public
Coinbase’s Base mainnet is now open to the general public, offering over 100 decentralized applications (dapps) and service providers as part of its ecosystem. Users can explore these dapps and enjoy lower transaction fees and faster speeds compared to Ethereum. Base, built on Optimism’s OP Stack, operates as a rollup network and serves as a scaling solution for dapps by processing transactions off the main Ethereum blockchain.
Main Points:
- Base mainnet is open to the public, featuring over 100 dapps and service providers.
- Users can benefit from lower transaction fees and faster speeds on Base compared to Ethereum.
- Base is a rollup network built on Optimism’s OP Stack, offering a scaling solution for dapps.
- Base has integrated with various crypto projects, including DeFi protocols, wallets, bridges, oracles, and analytics providers.
- Base is expected to become the default network for Coinbase’s on-chain products.
Onchain Summer Event
Coinciding with the public mainnet launch, Base has initiated an “onchain summer” event that focuses on promoting partner dapps in digital art, music, and gaming. Users can mint a unique “Base, Day One” NFT to commemorate the opening of the Base mainnet. Developers and users have already transferred assets worth over $100 million to the network in anticipation of the launch.
Hot Take
Coinbase’s Base mainnet opening to the public marks a significant milestone in the development of this rollup network. With its integration with various crypto projects and the promise of lower fees and faster speeds, Base has the potential to become a popular choice among crypto enthusiasts. The “onchain summer” event further adds to the excitement and showcases the possibilities of decentralized applications in different domains. As Base continues to gain traction and expand its ecosystem, it will be interesting to see how it shapes the future of the crypto industry.
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