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Early activity on Coinbase’s Base chain shows promising signs
The launch of Base, Coinbase’s layer-2 network, has been unusually successful, attracting significant volume in terms of both DeFi activity and cross-chain bridge transactions. But the burst of activity begs the question: How much of the strong start is attributable to Sybil attackers and airdrop farmers? Base launched yesterday. However, due to traders discovering what was at the time a one-way bridge, the network managed to attract significant volume prior to the official ribbon-cutting. In an interview with Blockworks, Nansen analyst Sandra Leow compared the launch favorably to Mantle and Linea, two other ... (full story)