Bittime - In this rapid digital age, speed and efficiency are key. Base, a revolutionary platform developed by Coinbase, comes as an innovative solution in the Ethereum ecosystem.
The platform allows users to access decentralized finance (DeFi) services, NFT marketplaces, and other blockchain applications at a more affordable cost and faster process than the Ethereum mainnet.
Understanding Base
Base is an ecosystem designed to extend the reach of Coinbase services into the Layer 2 realm of Ethereum. This is a strategic move that leverages blockchain technology to provide a better user experience.
With Base, transactions become more efficient, enabling interaction with various services and applications at a lower cost.
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Base Function: Bridging Crypto Assets to Other Networks
To connect crypto assets to Base, there are several methods that can be used:
- Base Official Bridge: Transfer ERC-20 tokens such as ETH, cbETH, DAI, or USDC to the Base mainnet via the Official Base bridge.
- Onchain Summer campaign: Follow quests in the Onchain Summer campaign to gain access to Base.
- Coinbase Wallet: Base access and transfer crypto assets through the Coinbase Wallet app.
- On-chain Quest Providers: Take advantage of the services of on-chain quest providers such as Galxe, Layer3, or Mint.fun to earn rewards.
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Recent Base Developments
Base has reached several important milestones in a short period of time:
- Mainnet Launch: Since August 2023, Base has successfully launched the mainnet and it is now available to all users.
- Strategic Partnerships: Base has collaborated with major players in the blockchain industry, including Aave, Balancer, and Sushi, as well as infrastructure providers such as The Graph, Infura, and Chainlink.
- Development of DApps: Base has been home to a variety of DApps, including decentralized exchanges like BaseSwap and Sushi, as well as NFT marketplaces like Magic Eden and Opensea.
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List of Most Popular Tokens on the Base Network
The Base ecosystem includes various tokens used in the network. Some popular tokens of the Base ecosystem include:
- RETH (Rocket Pool ETH)
- AXL (Axelar)
- PRIME (Echelon Prime)
- BRETT (Brett)
- CBETH (Coinbase Wrapped Staked ETH)
- AERO (Aerodrome Finance)
- RSR (Reserve Rights)
- DEGEN (Degen)
- DOG (The Doge NFT)
- OSAK (Osaka Protocol)
- TOSHI (Toshi)
- MAVIA (Heroes of Mavia)
- SDEX (SmarDex)
- CRVUSD (crvUSD)
- TBTC (tBTC)
- VIRTUAL (Virtual Protocol)
And there are many other tokens that are part of the Base ecosystem. These tokens are used for various purposes, such as trading, staking, and participation in decentralized applications (DApps) running on the Base network.
Conclusion
With strong support from industry players and continuous development, Base Ecosystem promises a bright future for broader and inclusive use of blockchain.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the Complete Guide on How to Buy Crypto on Bittime.
Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Coinbase L2 Base Drives Growth of Heroes of Mavia
Coinbase's Revenue Still Depends on Bitcoin
Coinbase and Circle Criticize Strict Stablecoin Requirements from Basel Committee
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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