Coinbase set to launch layer-2 blockchain Base alongside ‘Onchain Summer’ initiative

  • Coinbase’s blockchain Base will officially launch its mainnet to the public on August 9, after months of operating on testnet for developers.
  • Onchain Summer, a collaboration with major brands like Coca-Cola and Atari, aims to change the narrative around crypto to be more engaging and fun.
  • So far, Base has seen over $68 million worth of ether and over $200 million in trading volume and transactions due to the surging popularity of memecoins like BALD.
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