The $4 trillion financial institution is piloting “deposit tokens” on Coinbase’s Ethereum Layer 2 blockchain, Base.

Nearly 45% of the Ethereum Layer 2 network’s TVL can be attributed to stablecoins.

One industry insider told The Defiant “It’s a reminder that in crypto, moments of attention can generate real economic spikes, even if the fundamentals haven’t caught up yet."

The blockchain-based social network Zora will airdrop its official token on Wednesday, a week after Coinbase's L2 Base launched a controversial memecoin on the platform.

The token surged after the former Google CEO followed the Layer 1 network’s X profile.

Iron Fish blockchain will continue on its own while the development team moves to the Base blockchain.

Base builders have claimed that the flashblocks update makes it 2x faster than Solana.

Base employee defended moving sequencer fees to Coinbase Custody and said Coinbase and Base are likely the largest holders of ETH among all public companies.

Coinbase’s Base Layer 2 chain sets “big, hairy, audacious” goals for this year.

The memecoin is Coinbase’s first Base-native listing, and also the one with the lowest market capitalization.