Summary
TLDR: Base Network’s rapid growth in the crypto ecosystem, with a doubled TVL in a month, is challenging Coinbase and potentially Solana. Base’s Smart Wallet innovation and developer activity are driving its success, but infrastructure scaling is needed to prevent disruptions. Base’s surge in volume and dApp integration indicate promising growth, but technical hurdles must be overcome for sustained momentum.
Key Points
1. Base Network’s rapid growth in the crypto ecosystem, with its total value locked (TVL) nearly doubling in just one month, is causing challenges for Coinbase.
2. Despite Base’s impressive rise and record TVL of $794 million, it still trails behind Solana in terms of TVL and volume.
3. Coinbase’s innovation with the “Smart Wallet” and efforts to streamline interaction with dApps, along with Base’s surge in volume and dApp integration, show promising signs for the network’s future growth.