Base: There is a security vulnerability in a commonly used open source library. Base is not affected by this issue.
Base officials posted on social media X that the Base team received a notification from thirdweb at 9pm Pacific Time on Friday (December 1st), stating that a commonly used open source library had a security vulnerability, affecting some pre-built contracts deployed on Base. Base itself is not affected by this issue, and all funds on Base are currently safe. We immediately responded to understand the nature of the vulnerability and possible mitigation strategies. thirdweb is providing responsive support and mitigation tools to review the security of affected contracts. These mitigation measures may include locking existing contracts and reissuing new versions of NFTs to existing holders. If support is needed, it is recommended to work directly with the thirdweb team to resolve the issue.
Goldfinch community votes to approve proposal to deploy smart contracts on Base
On December 1st, the decentralized credit protocol Goldfinch community voted to approve the proposal to deploy Goldfinch smart contracts on Base. Goldfinch plans to establish a new Goldfinch Governance multi-signature on Base and develop a Goldfinch factory, allowing businesses to launch their own Goldfinch instances on this platform.
Openfort integrates Base to help games benefit from account abstraction
The game infrastructure platform Openfort announced that it has integrated Coinbase's Layer 2 solution, Base. This integration provides game developers with: a scalable, low-cost environment on Base; simplified blockchain interaction through account abstraction; enhanced game user experience; and verified infrastructure, including projects such as "Snake on Base".
Base: Canyon hard fork of Goerli and Sepolia testnets successfully completed
Layer2 network Base announced on the X platform that it has successfully completed the Canyon hard fork on the Goerli and Sepolia testnets. It is reported that Canyon is the next major network upgrade after OP Stack's Regolith version. Its goals are to reduce the rate of change in basic fees, modify the way the network handles closed channels to improve reliability, allow access to common contracts (create2deployer) on all OP networks, and increase support for Shanghai and Capella.
Lido announces launch of Base network
On November 8th, Lido announced the launch of Coinbase L2 network Base, and wstETH is now available throughout the Base ecosystem. Base users can initially interact with wstETH through dApps such as KyberSwap, Beefy, and Aerodrome.
Paradigm, OP Labs and Base collaborate to develop OP Stack client OP Reth
Georgios Konstantopoulos, Chief Technology Officer and Research Partner at Paradigm, wrote on the X platform that OP Reth has been merged, which means that its high-performance Ethereum node Reth can be used in OP Stack without modification. Georgios also stated that this was achieved through collaboration between OP Labs, the Base team, and Paradigm's own open source team.
The decentralized auction platform Bounce Finance integrates Base and plans to launch more auction types in the future
According to official sources, decentralized auction platform Bounce Finance announced the integration of Base and will introduce more innovative auction types on the Base mainnet in the future. With this integration, a large number of auction mechanisms for ERC20 and ERC1155 tokens can be used through the Bounce application on the Base mainnet. For ERC20 tokens, Bounce users can freely create and participate in fixed-price auctions, English auctions, and Dutch auctions on the Base mainnet. In addition, for ERC1155 tokens, fixed-price auction options can be used at any time on the Base mainnet.
Surf Protocol completes US$3 million in financing, led by ABCDE Capital
On October 30th, Surf Protocol raised $3 million in funding, led by ABCDE Capital with participation from OP Crypto and C2 Ventures.The funding will be used to develop a permissionless Perp DEX (decentralized perpetual contract exchange) based on the Base network. Surf Protocol aims to provide users with a wider range of tradable Perp assets while reducing trading friction for users.
Binance completes the integration of Maverick Protocol (MAV) on the Base network and opens deposit and withdrawal services
On October 25th, according to the official announcement, Binance has completed the integration of Maverick Protocol (MAV) on the Base network and has opened up the token for deposit and withdrawal on the aforementioned network.
Coinbase L2 Network Base Launches Builder Grant, Nominations Open
Coinbase L2 network Base announced on the X platform that it will launch Builder Grants, a new type of funding for people with early ideas or initial prototypes, with rewards ranging from 1-5 ETH. Nominations are now open. Two factors will be considered for selection: whether the project is unique and interesting, and whether it can bring more users to the chain.
Base launches 8-week training course for blockchain developers
Ethereum Layer 2 network Base has announced an eight-week training course to transform traditional software developers into blockchain developers. The new project is called "Base Bootcamp" and is free to participate. It is designed for "mid-to-senior-level software engineering individual contributors" who must fill out an application and be accepted to register. The announcement states that each cohort will accept less than 20 members and will stop accepting applications on October 27th.
Coinbase's Layer-2 Network Base Open-Sources Code Repositories and Smart Contracts for Increased Transparency and Collaboration
Base, a layer-2 network of Coinbase, has made its code repositories and smart contracts open-source to increase transparency and accountability and allow public contributions to the project. The move is in line with Base's core value of building in the open and creating an onchain ecosystem.
Base open source its codebase to increase transparency
Coinbase Incubated Layer 2 Network Base has open sourced its codebase to enhance transparency and open up the project's progress to the public. According to their statement, starting today, developers can access the underlying code, including contracts and other deployments, to call Base's various functions.
The total number of transactions on the Base chain has increased to 58 million, with more than 140,000 daily active users.
According to data released by Base Universe, the total number of transactions on the Base chain has now risen to 58 million. In addition, the number of daily active users has significantly increased in the past 7 days, with a recorded user count of over 140,000 on October 16.
Base Has Moved Its Testnet From Goerli to Sepolia, Which Will Become the Only Testnet in January Next Year
According to official sources, on October 19th, Coinbase Layer2 network Base announced that it has migrated its testnet from Goerli to Sepolia. From mid-October to January 2024, Base Goerli and Base Sepolia will coexist, but after that, Sepolia will become the sole testnet for Base.
Base made less than $1 million from L2 fees last month
Token Terminal data analysis, Base earned $1 million from L2 fees last month. However, to obtain the true profit number, the L1 settlement cost and the salaries of approximately 25 core developers need to be deducted.
Aave, Circle, Coinbase and Base Become Founding Members of the Tokenized Asset Alliance
On September 8th, according to Cointelegraph, Aave, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch, and RWA.xyz have formed the Tokenized Asset Alliance (TAC) and become its founding members. However, any organization that agrees with the vision of "creating a unified financial system on the blockchain" can join the TAC charter.
