Arthur Cheong, a venture capitalist at Coinbase believes that the Ethereum (ETH), layer-2 scaling solution Base will see a spike in trading volumes.
DeFiance Capital’s CEO predicted on social media that the volume of Base’s centralized decentralized exchange will be flipped “within 6-12 months” by on-chain spot DEX volume.
Cheong says Base will be the “future of Ethereum”.
DeFi and memecoins are also on the rise, according to him.
According to DeFi Llama, the data-aggregator for decentralized finance DeFi Llama, Base has recently overtaken Arbitrum (ARB), to become the Ethereum layer-2 scaling leader in terms of the total value locked.
TVL is the capital that has been deposited in the smart contracts of a protocol. It’s often used as a way to measure the health of the crypto-ecosystem.
Arbitrum currently has $2.404 Billion in TVL compared with Base’s current $2.45Billion. Base is the only project that has more TVL. The other projects are BSC, Solana, Tron and Ethereum.
Coinbase released Base in 2013. Top US crypto exchange Coinbase says that it currently does not plan to release a token network for the Layer-2 Scaler.
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The post Crypto Investor Arthur Cheng Predicts Coinbase Will Flip Coinbase Centralized Exchange Platform Volum may be updated as new information becomes available.
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