Coinbase's Base Loses Over $4B in Capital Outflows Through Cross-Chain Bridges; Ethereum Receives $6.2B - adtechsolutions

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Coinbase’s Base Loses Over $4B in Capital Outflows Through Cross-Chain Bridges; Ethereum Receives $6.2B


NASDAQ-WITH COINBASE’S LAYER 2 Scaling Solution, Base, the leader in 2024 in terms of capital influx across the bridges of the cross chains to the highest defeat this year.

Data from Artemis terminal The base of the base has noticed a net drain of $ 4.3 billion this year, and sharp contrast to A net tide of $ 3.8 billion in 2024, which was the highest of the top 20 blockchains.

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Meanwhile Ethereum, the largest intelligent blockchain in the world, registered a clean influx of $ 8.5 billion this year, compared to a net drain In the previous year $ 7.4 billion.

Top strings by clean flows (yytd). (Artemis)

Top strings by clean flows (yytd). (Artemis)

The data shows that the momentum behind the basic chain slows down, and Ethereum regenerates its best place.

Crypto bridges are protocols that facilitate communication and interaction between different blockchains, which increases interoperability. Therefore, the bridging refers to the act of moving chips between different networks.

The cumulative offer of stablecoins at the base has also increased over $ 4 billion since mid -May, as shown in the table.

Base: Stablecoin supply in USD and DEX volumes. (Artemis)

Base: Stablecoin supply in USD and DEX volumes. (Artemis)

Basic bleeding ETH

According to the data source L2beattotal number of ether

Saved at the base crashed from 1.82 million ETH to just over 835,000 ETH in four weeks.

Number of ETH on the base. (L2Beat)

Number of ETH on the base. (L2Beat)

The trend is in line with other layer 2 solutions 2, which has seen a remarkable outflow of ETH in recent weeks according to Michael Nadeau from the Def report on X.

According to Coinbase Viktor Bunin specialist, the drains are probably due to the fact that binance download capital to layer 1.

“The vast majority are just downloading binance to L1. They kept on the L2 wicked amount. Unfamous if they receive incentives to keep it there or simply do not balance across their supported chains,” Bunin said on x.





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