Coinbase announced in February this year the launch of the L2 coinless public chain Base (Gas uses ETH) based on Optimism technology. The mainnet will be launched on August 9. Coinbase invited many well-known brands to participate in the on-chain event "Onchain Summer" , and also released the free minted NFT "Onchain Summer".
Coinbase: Base mainnet officially launched on August 9
In addition to announcing the launch date of the mainnet, Coinbase also launched "Onchain Summer" to build momentum, with more than 50 brands, platforms, and creators participating, including Coca-Cola, game developer Atari, NFT trading platform OpenSea, etc.
OpenSea also announced that the platform has supported the Base mainnet.
ᴏɴᴄʜᴀɪɴ 🟡 ꜱᴜᴍᴍᴇʀ
Onchain is open. For everyone.
The next online. A new frontier.
A community. And you're part of it. https://t.co/spVmjg3Q4S pic.twitter.com/EOWmZMxfqd— Coinbase 🛡️ (@coinbase) August 3, 2023
Base NFT Free Minting
Coinbase stated that any user who casts NFT "Onchain Summer drop" can enjoy the 60-day free offer of the zero-fee subscription plan "Coinbase One", and will receive a $50 reward by participating in the activities listed on the Coinbase wallet.
"Onchain Summer drop" is free minting, through the link to log in with a wallet such as MataMask, and click "BRIDGE AND MINT FOR FREE" to cross-chain and mint with one click.
Base mainnet TVL dropped by 60%
Coinbase announced in February this year that it would launch Base, and the developer mainnet was pre-launched on July 13.
At the end of July, a variety of meme coins appeared on the Base chain, among which $BALD attracted the most attention due to its suspected high degree of association with Coinbase and its founder Brian Armstrong.
But then the BALD issuer directly Rug Pulled back the liquidity after the currency price skyrocketed, and the memecoin craze came to an abrupt end.
In addition, Leetswap, the largest decentralized exchange on the Base chain, was also attacked. The attacker obtained a total of 340 ETH, all of which led to a sharp drop in the TVL of the Base mainnet, from a high of 41.2 million US dollars to 14.93 million US dollars.
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