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Coinbase’s breakout L2, Base, has quickly become one of the most prominent spots to be onchain this cycle, solidifying itself as one of Ethereum's most innovative corners.
Base's rise and continued development has increasingly become a hot investment narrative that's difficult to ignore.
Launched in July 2023, Base was built on the OP Stack to permit cheaper and faster Ethereum transactions, a critical feature in driving its success. Since its inception, Base has developed a vibrant ecosystem full of DeFi, NFTs, and consumer-friendly apps that’s put it at the forefront of all onchain trends. It partnered with Stripe for their upcoming stablecoin service, became a hub for launching Layer 3 (L3) solutions, and has consistently been the center of liquidity rotations that continually spark calls for “Base Season.” It has even overtaken Optimism in onchain TVL value!
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