Coinbase Partners with Nearly 60 Ecological Partners for its L2 Network Base
It is reported that according to the official information, nearly 60 ecological partners announced by Coinbase L2 Network Base include Chainlink, Blockdaemon, …
It is reported that according to the official information, nearly 60 ecological partners announced by Coinbase L2 Network Base include Chainlink, Blockdaemon, Infura, QuikNode, Blockscout, Etherscan, Dune Analytics, Hop Protocol, Nansen, 0x, Ondo, Panoptic, Aave, Gelato Network, Pyth Network, Rainbow Wallet, Ribbon Finance, Balancer, PoolTogether, Euler Labs, The Graph, Wormhole, SushiSwap, Coint, etc.
Coinbase L2 Network Base announced nearly 60 ecological partners including Chainlink and Aave
Interpretation of the news:
Coinbase, one of the most prominent cryptocurrency exchanges in the world, has recently announced that it is partnering with nearly 60 ecological partners for its L2 Network Base. This move showcases the exchange’s commitment towards providing an incredible and hassle-free cryptocurrency trading experience, especially in terms of scaling and transaction fees.
L2, or Layer 2, is a term used to describe the secondary protocols built on top of a blockchain network. These protocols are designed to help optimize the blockchain’s scalability, speed, and even privacy, thus making it more user-friendly and efficient for traders and other stakeholders.
The partners announced by Coinbase for its L2 Network Base include a wide range of blockchain and cryptocurrency-related firms like Chainlink, Blockdaemon, Infura, QuikNode, Blockscout, Etherscan, Dune Analytics, Hop Protocol, Nansen, 0x, Ondo, Panoptic, Aave, Gelato Network, Pyth Network, Rainbow Wallet, Ribbon Finance, Balancer, PoolTogether, Euler Labs, The Graph, Wormhole, SushiSwap, Coint, and many more.
Each of these ecological partners on Coinbase’s L2 Network Base brings unique capabilities and features, which will help improve the overall performance and efficiency of the platform. For instance, Chainlink, which is regarded as one of the most trusted third-party oracle networks, will help provide reliable and secure off-chain data to Coinbase’s blockchain network. Meanwhile, Blockdaemon will offer great support for node infrastructure, making it easier for users to run their own nodes.
Furthermore, this partnership announcement follows Coinbase’s recent efforts to expand its services to the DeFi (decentralized finance) ecosystem. The exchange recently launched a dedicated DeFi platform, which serves as a gateway for traders looking to engage in DeFi protocols.
In conclusion, by collaborating with nearly 60 ecological partners on its L2 Network Base, Coinbase is positioning itself as a leader in the blockchain and cryptocurrency space. With its commitment to providing fast, secure, and low-cost transactions, the exchange is well poised to become the go-to platform for traders in the increasingly popular digital asset market.
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