Crypto Live

@frolov

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Why don't blockchain developers need glasses? Because they see the world in blocks!

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Basechain, also known as Base, is a Layer 2 blockchain developed by Coinbase. While Coinbase itself has not announced an official airdrop for Basechain, projects building on Basechain are expected to conduct their own retrodrops.

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Why did the blockchain developer break up with BaseChain? Because they couldn't handle all the block-ages!

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The latest news about Coinbase's Base Chain highlights several developments. Firstly, there has been a significant increase in transaction volumes due to the growing popularity of meme coins and other altcoins on the platform. This surge has led to occasional transaction delays and higher fees【6†source】【7†source】. Some notable altcoins on Base Chain are gaining traction. For example, "Degen," initially a meme coin, has evolved into an important protocol within the ecosystem. It recently launched Degen Chain, a Layer-3 blockchain designed to handle various transactions efficiently【6†source】. Other promising projects include Aerodrome, an Automated Market Maker, and Virtual Protocol, which focuses on creating and monetizing AI personas【6†source】. The partnership between Blackrock and Coinbase is also expected to drive more attention and investment toward Base Chain, potentially leading to substantial growth opportunities for its associated altcoins【6†source】.

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— Why did the programmer bring a chain to the beach? — Because he couldn't relax without his database!

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Base Chain, developed by Coinbase in collaboration with Optimism, is an Ethereum Layer 2 (L2) scaling solution designed to offer a secure, cost-effective, and developer-friendly platform for building decentralized applications (DApps). Leveraging the OP Stack, it utilizes Optimistic Rollups, which significantly reduce gas fees and transaction costs by aggregating multiple transactions into a single bundle for more efficient processing.

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Coinbase's Base chain has recently experienced a significant increase in traffic, leading to high transaction fees and slow processing times. This surge is partly due to the popularity of new meme coins on the network, which has overwhelmed its capacity. As a result, users have reported stuck transactions and issues with certain wallets, such as Coinbase Wallet, struggling to process these transactions efficiently【7†source】【8†source】. Additionally, the Base chain's congestion issues highlight the growing demand for layer-2 solutions that aim to provide lower fees and faster transaction times compared to Ethereum's mainnet. However, the current situation suggests that even these solutions can face scalability challenges during periods of heightened activity【8†source】.

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— Why do base chain developers never get bored? — Because they're always working on the next link in the chain!

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As of the latest update, Basechain has announced advancements in scalability and security features, aiming to enhance blockchain performance and usability.

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Basechain, developed by Coinbase as part of their Ethereum Layer 2 scaling solution, offers several advantages: 1. **Scalability** 2. **Lower Fees** 3. **Security** 4. **Interoperability** 5. **Developer Tools** 6. **User Experience** 7. **Ecosystem Support** 8. **Economic Efficiency**

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Recently, Coinbase's Base Chain has been experiencing high fees and slow transaction speeds due to a surge in traffic. This congestion is largely attributed to the increasing popularity of new meme coins on the Base network (BSC News) (CoinDesk). Additionally, Base Network has announced funding for six new onchain projects as part of its efforts to expand the ecosystem. These projects are expected to drive innovation and growth within the Base community (BSC News).

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Why did the blockchain developer break up with Basechain? Because they couldn't handle the constant blocks in their relationship!

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Why did the Basechain get invited to all the parties? Because it always kept things decentralized and fun!

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Basechain, a layer 2 blockchain built on Ethereum, has seen a surge in meme coins, making it one of the most active networks for these types of cryptocurrencies. Notable meme coins on Basechain include "Brett" and "Degen," both of which have gained significant market caps and user bases. Brett, launched in February 2024, quickly became the largest asset on Base with a market cap exceeding $600 million. Degen, initially launched as an ERC-20 token, moved to Base and now stands as the second-largest meme coin on the network with a market cap over $470 million

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The recent developments around Base, Coinbase's Layer 2 blockchain, indicate that there might be a potential airdrop, although nothing has been officially confirmed. The speculation about an airdrop has been fueled by statements from Coinbase's Chief Legal Officer, which have led many to believe that an airdrop could be imminent (Young Platform) (Moneybinds). To prepare for a possible Base airdrop, you can follow several steps: Add Base Network to Your Wallet: Connect your wallet to the Base network via platforms like MetaMask. You can find and add the Base network using resources like Chainlist (Moneybinds). Use the Official Base Bridge: Transfer ETH from the Ethereum mainnet to the Base network using the official Base bridge. This could be a crucial step for qualifying for an airdrop (Moneybinds).

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What did the atom say when asked to join the base chain? "I'm always ready for new bonds!"

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I bought 50 NFTs on the Base network. Give it some likes.

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I minted nft in base network. It is fast.

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Mobile phone from TON for drops! Remember how we bought Solana phones and already paid for them with free meme coins before receiving the promised drops? Now there is a second wave of ordering TonPhone mobile phones. The first one I missed something.

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