Coinbase's layer 2 blockchain, Base, has seen a surge in trading volume, with over $200 million traded and more than half a million transactions recorded in the past 24 hours. This increase in activity is attributed to the emergence of new tokens such as OPTISM, BASED, and meme tokens like BALD. Crypto traders have made significant profits by bridging to Base and investing blindly in these new tokens. Despite the bridge launch not being scheduled until 2023, traders have been able to use a portal proxy contract to access the network and trade on decentralized exchanges like LeetSwap and RocketSwap.
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Coinbase's Layer 2 Blockchain Base Records Over $200 Million Trading Volume with Emergence of New Tokens and Crypto Degens Aping Them
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