USA’s leading cryptocurrency exchange coinbase, announced yesterday that it has started “Base”, the test phase of the Ethereum layer-2 network. With the new network offered by Coinbase, a faster and more affordable blockchain solution is aimed.
The crypto exchange aims to make it easy for developers to create apps and connect to their Global products. Coinbase tier 2 Base, Optimism It runs on OP Stack, a layer 2 network solution developed by the ($OP) network.
Coinbase tier 2 launch news has sparked interest from traders purchasing Optimism ($OP) tokens. The exchange will have a sequencer for Base transactions, but will eventually have a completely unauthorized set of validators. As Coinbase’s native blockchain, Base will host many of the exchange’s products.
Coinbase Base Tier-2 Announcement Raises Optimism Price
Native token of Optimism, a second-layer blockchain on the Ethereum network OP tokenmade a splash right after the official Base announcement. With a current market cap of $680 million, Optimism ranks 75th among all cryptocurrencies by market size.
The price has already surpassed its all-time high. You can follow the current price action here.