The Double-Edged Sword of Base Network's Rapid Growth for Coinbase
Friday, 22 March 2024, 12:30
The Rise of Base Network in the Crypto Ecosystem
The rapid ascent of Base in the crypto ecosystem is turning heads. In just one month, its total value locked (TVL) nearly doubled.
Challenges Faced by Coinbase with Base's Growth
- Increased gas fees during peak times
- Transaction failures impacting user experience
- Infrastructure scalability concerns
Base Network's surge in volume and dApp integration presents promising prospects, but technical hurdles must be overcome for sustained growth.
Base vs. Solana: A Race in TVL and Volume
Despite Base's impressive TVL growth, it still trails behind Solana's extensive figures, indicating a competitive landscape in the crypto market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.