Coinbase, one of the largest and most established cryptocurrency exchanges in the US and other jurisdictions, is stepping into the Layer 2 market with the launch of Base.
As a key blockchain industry move, deBridge has integrated Base “to bring high performance cross-chain trading and interoperability between Base and all their supported chains.”
At its core, Base reportedly offers “a Layer 2 solution aiming to enhance scalability and reduce costs without compromising security.” Through this architecture, Base moves heavy computations “off-chain and later consolidates the results to be recorded on Ethereum Layer 1.” An optimistic approach is adopted, where results are “presumed valid but can be challenged if discrepancies are noted.”
However, the integration of Base with Coinbase’s ecosystem is considered to be “one of its most standout features, offering decentralized applications access to Coinbase’s vast user base and range of developer tooling.”
deBridge now offers a solution “for creating high performance cross-chain apps that can operate with Base without the bottlenecks of traditional bridging infrastructures.” DLN enables native cross-chain trades to and from Base “with a number of performance advantages” such as:
- Faster transactions
- Higher capital efficiency
- Guaranteed rates
- No possibility of stuck or reverted transfers
- No AMM slippage
- MEV protection
- Trading to/from Base is live at DLN Trade.
As noted in the update, Base is described as “a secure, low-cost, builder-friendly Ethereum L2 incubated by Coinbas built to bring the next billion users onchain.”
As mentioned in the announcement, deBridge claims it is “the infrastructure for high performance interoperability.” By removing the bottlenecks and risks of liquidity pools, deBridge enables DeFi applications “to scale faster with ultra capital-efficient and deep liquidity transfers across chains.”
As reported recently, deBridge has now integrated Linea, the zkEVM rollup network launched by Consensys, into the deBridge generic messaging infrastructure and the DLN cross-chain exchange protocol.
This venture marks another step “towards enhancing the user experience and scalability for Ethereum’s ever-growing ecosystem, while unlocking a range of new opportunities for building on Linea.”
The Linea mainnet reportedly “has an impressive ecosystem of over 100 protocols, partners, dApps, and integrations with leading web3 products like MetaMask, offering fast finality, low gas fees, high throughput, and low latency — a strong solution for a range of applications from DeFi and NFTs to gaming and social apps.”