Coinbase Launches Layer 2 Blockchain Base to Provide On-Ramp for Ethereum, Solana and Others

Crypto exchange Coinbase (COIN) launched Base, a layer 2 network built using Optimism‘s OP Stack, to attract millions of new crypto users in the coming years. The testnet of Base was started by Coinbase on Thursday.

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Coinbase is joining Optimism as a core developer on the open-source OP Stack, a developer toolkit for the Optimism network, the firm said. However, Base will not be limited to Ethereum, it will also provide easy and secure access to layer 2 networks such as Optimism, as well as other blockchains ecosystems like Solana.

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