Base, a blockchain developed by Coinbase, has reached a significant milestone by accumulating a record amount of ETH in its bridge smart contract.

Reasons for ETH Reserves Growth

The last 30 days have seen a remarkable 12% increase in ETH within Base's bridge contract. Etherscan data confirms that Base ranks second in ETH holdings among Layer 2 solutions, second only to Arbitrum.

Integration into the Superchain Ecosystem

The growth in ETH reserves is largely credited to the trust users have in Coinbase. Paul Vaden from the Lyra Foundation highlighted the importance of Coinbase's support. Joining the Superchain ecosystem has further enhanced Base's capabilities.

Base's Strengthening Position in Ethereum

Base's ETH reserves indicate growing user adoption and liquidity. DeFi initiatives and low transaction fees make the platform appealing to users.

Base's standing in the Ethereum ecosystem is reinforced by Coinbase's backing and integration with Optimism, indicating its potential to attract a broader user base.