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Base, Coinbase's L2 network, has surged to three million daily active addresses and 13.4 million transactions, driven by the popularity of AI-related tokens from the Virtuals protocol. Despite this growth, Base's metrics remain significantly lower than Solana's, which boasts over five million addresses and 56.8 million transactions daily. Tensions between the two ecosystems have escalated, with criticisms aimed at Base's attempts to attract Solana users and debates over the long-term viability of corporate L2 networks.
The Avalanche Foundation has raised $250 million through a private token sale, leading to a 10% surge in the AVAX token price, now at $52. This funding supports the upcoming Avalanche9000 upgrade, which aims to drastically reduce deployment costs and transaction fees, enhancing scalability for various industries. Institutional players like BlackRock are already leveraging Avalanche's multi-chain model, positioning it as a key player in the decentralized finance ecosystem.
Kevin Sekniqi
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
coinbase's base network sees record growth amid competition with solana
23:02 02.01.2025
Avalanche Foundation secures 250 million dollars fueling blockchain upgrade and growth
18:10 12.12.2024
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