Base

The developer’s OP Stack software, the blueprint for Coinbase’s new Base blockchain, had been criticized for the lack of a crucial security feature – likened to driving a fast car without airbags.

By Margaux Nijkerk

Oct 3, 2023 at 4:00 p.m. UTC

Oct 3, 2023

OptimismDecentralizationBaseProofrollupRollupsZero knowledgeZero-Knowledge Proofs

Base's daily transaction hit record high (IntoTheBlock)

Coinbase’s Base Blockchain Hits Record High for Daily Transactions, Eclipsing Rivals

FriendTech, which is only available on Base, is driving a significant portion of the activity, according to IntoTheBlock.

By Lyllah Ledesma

Sep 15, 2023 at 4:00 p.m. UTC

Sep 15, 2023

CoinbaseBaselayer 2

Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base

OpenCover, which raised $4 million in a seed round led by the likes of NFX and Jump Crypto, received a $200,000 funding bump from Coinbase to bolster its debut on Base.

By Ian Allison

Sep 7, 2023 at 2:21 p.m. UTC

Sep 7, 2023

Exclusive InsuranceDeFiBaseNexus Mutual

(Ryan Quintal/Unsplash, Modified by CoinDesk)

Tokenization Advocacy Group Wants to Bring the 'Next Trillion' of Assets to Blockchain

Founding members such as Coinbase, Circle and Aave Companies aim to foster the use of blockchain technology for traditional assets.

By Krisztian Sandor

Sep 7, 2023 at 1:00 p.m. UTC

Sep 7, 2023

TokenizationTokenized AssetsReal World Assets CoinbaseCircleCentrifugeGoldfinchBase

The Protocol: Ethereum Learns of Potential Defector as ‘Supreme Court’ Mooted

What is a blockchain “sequencer?” Here’s why you need to know, along with all the latest updates on crypto tech news and fundraising announcements.

By Bradley Keoun

Sep 6, 2023 at 5:35 p.m. UTC

Sep 6, 2023

The ProtocolEthereumlayer 2Vitalik ButerinBaseSolanaMaker DAOCosmosCoinbaseSWIFTdYdXTrust MachinesbtrustEndaoment

Socket co-founders, Rishabh Khurana and Vaibhav Chellani (Socket)

Coinbase, Framework Venture Funds Invest $5M in Socket Protocol, in Bet on Blockchain Interoperability

The fundraise comes as "cross-chain" protocols from the companies including LayerZero and Chainlink have attracted investors, despite the bear market – assuming a future where blockchains are seamlessly interconnected.

By Margaux Nijkerk

Sep 6, 2023 at 4:00 p.m. UTC

Sep 6, 2023

Coinbase VenturesFramework VenturesFundraiseFundraiserInteroperabilityCross-Chaincross-chain bridgeBridgeBaseCoinbasecoinbase-wallet

Air traffic controller (Beckett P/Unsplash, modified by CoinDesk)

Technology

Analysis

‘Sequencers’ Are Blockchain’s Air Traffic Control. Here’s Why They’re Misunderstood

Leading rollup operators are criticized for using "centralized sequencers" to package transactions and pass them down to Ethereum, but the real risks may lie elsewhere.

By Sam Kessler

Sep 6, 2023 at 3:00 p.m. UTC

Sep 6, 2023

AnalysisRollupscentralizationSecurityEthereumBaseOptimism

Aerodrome receives $150 million in deposits (Pixabay)

Technology

Defi

Aerodrome Fanatics Deposit $150M to Base Blockchain on First Day

Its creators hope to emulate the apparent success of Velodrome, one of Optimism network’s most used platforms which holds over $288 million in locked value.

By Shaurya Malwa

Aug 31, 2023 at 12:07 p.m. UTC

Aug 31, 2023

DeFiBaseOn-chain Data

The silver lining from the Friend.tech episode is that it reveals Ethereum's scaling strategy might be working. (Creative Commons)

Technology

The protocol

The Protocol: Friend.tech Fades as Crypto Craze, but Ethereum Is Scaling

This week in blockchain tech: Polygon's new "chain development kit," Farcaster's move to Optimism, Shibarium's return and Interlay's new Bitcoin layer-2 network, and Pancake Swap expands to Consensys's Linea.

By Bradley Keoun

Aug 30, 2023 at 6:05 p.m. UTC

Aug 30, 2023

The ProtocolEthereumlayer 2Vitalik ButerinBasegas feesBinanceBitstampPepe

Ethereum fees known as "gas prices" have stayed low despite a recent crypto frenzy that in the past might have caused congestion. (Creative Commons, modified by CoinDesk.)

Technology

Analysis

Ethereum Handled Friend.tech Frenzy Without 'Gas Fee' Spike. Why That’s a Big Deal

Friend.tech, Crypto's latest fad, didn't drive up congestion and fees on Ethereum the way frenzies have in the past – possibly a sign that the blockchain's efforts to scale by fostering supplemental "layer-2" networks, like Coinbase's new Base, are bearing fruit.

By Lyllah Ledesma

Aug 30, 2023 at 3:00 p.m. UTC

Aug 30, 2023

AnalysisEthereumgas feesGasBaseCoinbaselayer 2Layer 2sRollups

Base

Technology

At Last, Blockchain Developer OP Labs Delivers ‘Fault Proofs’ Missing From Core Design

Markets

Coinbase’s Base Blockchain Hits Record High for Daily Transactions, Eclipsing Rivals

Finance

Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base

Finance

Tokenization Advocacy Group Wants to Bring the 'Next Trillion' of Assets to Blockchain

Technology

The Protocol: Ethereum Learns of Potential Defector as ‘Supreme Court’ Mooted

Technology

Coinbase, Framework Venture Funds Invest $5M in Socket Protocol, in Bet on Blockchain Interoperability

Technology

‘Sequencers’ Are Blockchain’s Air Traffic Control. Here’s Why They’re Misunderstood

Technology

Aerodrome Fanatics Deposit $150M to Base Blockchain on First Day

Technology

The Protocol: Friend.tech Fades as Crypto Craze, but Ethereum Is Scaling

Technology

Ethereum Handled Friend.tech Frenzy Without 'Gas Fee' Spike. Why That’s a Big Deal