Base Network from Coinbase Shows Growth in NFT and DeFi

user avatar

by Giorgi Kostiuk

2 years ago

Coinbase's Layer-2 blockchain network, Base, is rapidly solidifying its position in decentralized finance and non-fungible tokens.

Base: A Rising Star in DeFi Space

The DeFi space is growing fast, and Base has become the largest layer-2 network in the crypto world. It hosts over 410 decentralized apps, transforming financial systems without traditional banks. Key players in this ecosystem include Aerodrome, Uniswap, Morpho Blue, and Moonwell. Base's activity is impressive, handling over $264 billion in transactions. Introducing Bitcoin-backed loans via Coinbase could further boost Base's growth.

Memecoins and NFTs Fuel Base's Success

Base's growth is driven by its booming memecoin ecosystem, valued at $2.6 billion. NFTs are also highlighted, with sales up 45% to $8.3 million last week. These figures place Base ahead of rivals like Arbitrum and Polygon.

Base Expands Into AI and Gaming Sector

In addition to its DeFi and NFT success, Base is expanding into AI and gaming sectors, opening new opportunities for developers and users. The network is expected to reach a valuation of $7 billion, outpacing competitors like Arbitrum and Optimism.

Base's impressive growth and strong user engagement make it a key player in the Layer-2 crypto space. These achievements highlight its growth and increasing importance in the DeFi ecosystem.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Electrum Wallet Faces Security Threat from Fake Pending Payments

Electrum, one of Bitcoin's oldest software wallets, has published a security advisory detailing a vulnerability that has been exploited by attackers, allowing fake pending payments to be displayed in the wallet.

user avatarMaya Lundqvist

Upcoming Economic Announcements Expected to Influence Markets

Key economic announcements are scheduled for the upcoming week, which may impact financial markets.

user avatarLeo van der Veen

US Evacuates Personnel Amid Rising Tensions in the Middle East

The US is rapidly evacuating personnel from embassies and military bases in the Middle East due to increased threats from Iran.

user avatarLi Weicheng

Strategys Share Repurchases Reach $385.5 Million

Strategy has repurchased approximately $385.5 million of its preferred stock, focusing on STRC shares during the period from October 5 to 18, 2026.

user avatarTenzin Dorje

Shareholders to Vote on Daily Dividend Payments

Strategy is seeking shareholder approval to make dividend payments on its four preferred securities more frequent, proposing that every calendar day would become a record date.

user avatarBayarjavkhlan Ganbaatar

Strategys Common Shares Outperform Preferred Securities

Strategy's common shares returned 774 between June 26 and October 23, 2026, outperforming four of the company's preferred securities.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.