Coinbase’s Ethereum layer-2 network, Base, experienced a temporary halt in block production on Tuesday, August 5, following a faulty switch to a backup sequencer that was not properly configured to process transactions. The outage, which lasted 33 minutes, raised concerns over the network’s centralized sequencer management system. The disruption began ...
EigenLayer has taken a major step forward by enabling its Actively Validated Services (AVSs) to operate on networks beyond Ethereum, starting with Base. The protocol announced the launch of this Multi-Chain Verification feature via its EigenCloud X account on July 24. Previously, AVSs could only function on Ethereum’s mainnet, limiting ...
Base has unveiled an ambitious growth strategy for the new year aimed at significant expansion of its ecosystem, including achieving $100 billion in on-chain assets by 2025. The Layer 2 blockchain, which currently holds $4.7 billion in total value locked (TVL) and ranks sixth among major blockchain platforms, is targeting ...
Jesse Pollak, who leads Base and Coinbase Wallet, has hinted that the team is exploring the possibility of introducing COIN to Coinbase's layer-2 network in 2025. While Pollak emphasized that discussions are ongoing, he clarified that there are currently no definitive plans in place. "We are in an exploratory phase ...
A security breach on Base, a Layer 2 blockchain, has led to the theft of approximately $1 million. The exploit, which involved manipulated Wrapped Ether (WETH) contracts, was first reported on October 25 by blockchain security firm Cyvers Alerts. According to Cyvers Alerts, the attacker exploited a weakness in the ...
Ethereum Layer 2 network Base is set to implement Optimism's fault-proof system, also known as fraud proofs, on October 30. According to the project's team in a recent post on X, the upgrade will allow users to independently verify withdrawals without the need for third-party involvement, enhancing transparency and trust ...
Jesse Pollak, the team lead for Ethereum's Layer 2 blockchain Base, has taken on a new role within Coinbase's executive team. Alongside his continued leadership of the Base project, Pollak will now head Coinbase Wallet, reinforcing the company’s mission to broaden the accessibility of blockchain technology for a larger audience. ...
Coinbase's Base has emerged as the leading Ethereum layer-2 network, boasting the highest transaction count and profitability for three consecutive months. According to L2Beat, as of June 10, Base's Total Value Locked (TVL) stands at $8.05 billion. This includes $2.14 billion of assets bridged from Ethereum and $5.92 billion in ...
The Normie memecoin (NORMIE) has seen its value decline by over 99% after a massive exploit on its platform on May 26. Within hours of the hack, Normie’s market capitalization decreased from nearly $42 million to just $100,000. The token's price plunged from $0.32 to $0.0032. It has further decreased ...
The price of Friend. tech's token took a significant hit today, dropping over 29%, after the platform's co-founder, known pseudonymously as Racer, hinted at leaving the Ethereum Layer-2 network Base. This sudden decline follows Racer's social media posts, now a deactivated account, expressing dissatisfaction with their relationship with Base, a ...
