72 hours since B20 went live on @base
8,045 tokens created
$14M in DEX volume
12,423 holders
Every number here is someone who showed up. Still early. Still Day 1.
A quick update on Base, decentralization, and Coinbase Wallet.
First of all, Base is growing. Our focus on trading, financing, and payments in 2026 is paying off.
Base is leading onchain spot trading for BTC and ETH. DeFi TVL is at an all-time high of $5.7B. And Base is the #1 chain for stablecoin transfers.
We’re also making progress toward decentralization. We want Base to be infrastructure that every company and individual can build on.
Going forward, the name Base will represent the chain and its ecosystem. The name Coinbase Wallet will represent the self-custodial version of the Coinbase app. It will continue to be a top place to discover Base assets, markets, and apps. And we'll keep driving a ton of value together to the ecosystem.
I’m excited for @cobie to make Coinbase Wallet into the best trading app you’ve ever seen. And I’m excited to focus on building Base into the blockchain for global finance.
🫡
AGM on B20 and Coinbase Tokenized Stocks
"B20 is a continuation of ERC20 with added functionality for assets like tokenized stocks"
"Coinbase Tokenized Stocks are as close as you can get to owning shares onchain. It's like USDC"
Devs, we’re making it easier, faster, and cheaper to build on Base
We’re creating a package of tools, services, and credits to help you build faster: infrastructure, inference, analytics, security, and more
What would be most useful? Tell us in the replies
Base credit markets have grown a lot this year.
I built a dashboard tracking every floating-rate credit market on @Base
Last 12 months:
∙ Outstanding loans grew from ~$1.7B to ~$2.3B (+31%)
∙ Utilization went from 58% to 75%. Capital is working harder.
∙ @MorphoLabs more than doubled, from $1.0B to $2.1B supplied
∙ @aave has added $200M of deposits since July, up 32% in two months
∙ USDC borrowing doubled to $2.0B and is 90% utilized. Borrow demand is outrunning supply, and USD lenders are earning 4.5% for it.
∙ cbWrapped collateral is taking off: loans against @Ripple's cbXRP went from zero to $45M borrowed against $130M posted
∙ mGLO from @MidasRWA and @FasanaraDigital went from zero in June to $25M posted against $22M borrowed
See the full @Dune dashboard here: https://t.co/0BtMirJfYX
Try Vibenet at https://t.co/8Fk9mo7oFD - play with what's next on Base before it ships. 3 features live today:
⚡ 200ms blocks - sub-second confirmation, natively, no separate Flashblocks layer needed. Apps feel instant, zero contract changes required.
⏱️ Validity Transactions - attach a condition to your tx (a price, a block, a flashblock index) and it waits until that's true instead of you guessing and retrying. Fewer wasted probe txns, safer fills for searchers and market makers.
🔑 EIP-8130 Native Account Abstraction - gas sponsorship, session keys, batched calls, built into the protocol. Fewer failed transactions, smart-account UX with no smart contract wallet.
Feedback encouraged
Recently @coinbase / @jessepollak got a lot of slack for not being ETH aligned enough.
Another metric on why you are wrong if you think so:
Base was building their own account abstraction design, very different to ETH's.
Yet for the last month they have been painstakingly working with L1 to find a unified solution. They are literally working to improve L1, not just their own stack. We now have a good solution that works for both!
Btw they have done it in the past too with blobs.
To be clear, it isn't that Base is completely altruistic. Their own users get footguns if L1 and Base have different designs in production. But they could...just....not care and carry on like other chains. They did not. They came to the trenches and worked with us.
Stop giving shit to coinbase because you think you have a morally higher ground or your/my bags aren't pumping.