Base, a rapidly growing Layer 2 blockchain initiated by Coinbase, has reached a record high in the amount of ETH held in its bridge smart contract.

Increase in ETH Reserves

In the last 30 days, the total amount of ETH in Base's bridge contract saw a 12% increase, reaching 623,130 ETH. This rise contributed to an impressive 679% increase in Base's overall ETH reserves over the past year, now totaling 2.91 million ETH.

Integration with Superchain

The significant boost in Base's ETH reserves can be attributed to Coinbase's reliability and influence. Additionally, Base's integration into the Superchain ecosystem created with Optimism's OP Stack added considerable value.

Significance of ETH Reserve Growth

The increase in ETH reserves on Base indicates a rise in the platform’s adoption and liquidity. This strengthens Base's position within the Ethereum ecosystem, where it will play a significant role thanks to support from Coinbase and Optimism.

The rise in ETH reserves on Base reflects user confidence in the platform and its benefits. Looking ahead, Base is expected to attract more users and enhance its influence within the Ethereum ecosystem.