Coinbase's Base Blockchain Sees $175M In Transfers, Surpasses Optimism In Daily User Count
Portfolio Pulse from Murtuza Merchant
Coinbase Global Inc's Base blockchain, which powers the social network platform Friend.Tech, has seen a surge in daily active users, surpassing the Optimism blockchain. Since its launch, Base has recorded cryptocurrency transfers amounting to $175 million. Friend.Tech, currently in its beta phase, allows users to buy or sell shares associated with Twitter personalities. A forthcoming token release on the platform has sparked excitement among users.
August 11, 2023 | 7:40 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Coinbase's Base blockchain has surpassed the Optimism blockchain in daily user count, which could potentially decrease the demand for Optimism.
The surge in users on Coinbase's Base blockchain indicates a shift in user preference from the Optimism blockchain, which could potentially lead to decreased demand for Optimism.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Coinbase's Base blockchain has seen a surge in users and transfers, which could potentially increase the company's revenue.
The surge in users and transfers on Coinbase's Base blockchain indicates increased usage of the company's product, which could potentially lead to increased revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Coinbase's Base blockchain, an Ethereum layer 2 blockchain, has seen a surge in users and transfers, which could potentially increase the demand for Ethereum.
The surge in users and transfers on Coinbase's Base blockchain, an Ethereum layer 2 blockchain, indicates increased usage of Ethereum-based products, which could potentially lead to increased demand for Ethereum.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70