Driven by Coinbase's launch of cbBTC, Base's daily transaction volume exceeded 4.5 million, setting a new record

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ODAILY
09-18
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Odaily Odaily News: Base's daily transaction volume once exceeded 4.5 million, setting a record high. Coinbase recently launched cbBTC on the Ethereum and Base networks, which has driven the growth of Base chain activities. cbBTC is an ERC-20 token, backed 1:1 by BTC held by Coinbase, and is designed to be used in Ethereum and Base ecosystem DeFi applications. The product is designed to compete with WBTC, which is currently the largest tokenized BTC product with a market value of nearly $9 billion. (The Block)

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