From Velodrome’s innovative platform for trading future DeFi yield to Farcaster's fresh take on decentralized social media, the Optimism ecosystem is alive with innovation. With major players like Coinbase and Sony building their L2s — Base and Soneium, respectively — on the OP Stack, Optimism is hot. Total value locked (TVL) on Optimism Mainnet has soared past $500 million, with around 570,000 daily transactions.
Topics: Industry overviews , Trends
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Base blockchain — the Layer-2 blockchain developed by the Coinbase team — continues to grow, with transactions and active addresses hitting all-time highs last month. With established projects expanding to Base and new projects launching all the time, Base has emerged as a frontrunner among chains.
Topics: Industry overviews , Trends
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There’s a lot to unpack as we look back at 2023 and even more promise as we look ahead to a pivotal 2024. 2023 started in the depths of “Crypto Winter” but by the end we were seeing signs of a Bitcoin ETF, new EIP standards, protocol innovation and new Web3 consumer apps gaining traction. Starting 2024 with the Bitcoin ETF approval brings expected price action and staying power to the emerging industry. Consumer adoption across next-gen social applications, DeFi 2.0, Web3-enabled games, brand experiences and utility driven NFTs will be at the forefront of this next year of Web3 adoption.
Topics: Product updates , Web3 , Trends
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Web3 can be all fun and games, but it can quickly turn into a nightmare if you fall victim to scams or hacks. In 2023, nearly $1B in crypto assets have been lost or stolen through security exploits, with Q3 being reported as the quarter with the highest losses from security incidents, so far — a harsh reminder that securing your crypto assets is not something to be taken lightly. But, here's the good news: there are security practices and tools you can use to keep your crypto assets secure.
Base, the Ethereum Layer 2 network by Coinbase, has become a thriving hub of innovation and collaboration in Web3. In this blog, we'll take you on a journey through some of the most interesting projects building on Base. From social decentralized apps (dApps) to NFTs and action-packed games, these projects showcase the creativity of Web3 teams. So, let's dive in and explore the standout projects that have really caught our eye.
Topics: Trends
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Remember the simpler video game times when your hardest decision was between Mario and Sonic? Well, a change has hit the gaming universe, and it's all about the rise and hype of Web3 games. If you're scratching your head thinking, "Web-what?" – don’t worry, we've got you covered.
As the NFT market gets more and more crowded, utility and exclusivity are becoming increasingly important to draw buyers and collectors. Nowhere is that more evident than the rise of membership NFTs like PROOF Collective and LinksDAO.
While many of the blue chip NFTs that have dominated headlines — like Bored Ape Yacht Club and Doodles — grant holders' status (due to high cost) and access to exclusive experiences, in this trend report we’re going to walk through some of the most interesting membership NFTs that were created and purpose-built to provide holders with tangible membership benefits.
