“Coinbase’s Layer 2 Solution, Base, Has Experienced A Net Outflow of $ 4.3 Billion this Year, Reversing ITS PREVIOUS POSION AS A TOP PERFORMER.”, – WRITE: www.coindesk.com
Data from the artemis terminal shows base has seen a netflow of $ 4.3 Billion the Itar, A Stark Contrast to the Net Inflow of $ 3.8 Billion in 2024, WHICH WAS The HIGHAINS.
Meanwhile, Ethereum, The World’s Largest Smart Contract Blockchain, Has Registered A Net Inflow of $ 8.5 Billion This Year, Compared to A Netflow of $ 7.4 Billion in The Previus.
Top Chains by Net Flows (YTD). (Artemis)
The Data Show The Momentum Behind the Base Chain Has Decelerated, With Ethereum Reclaiming Itp Spot.
Crypto bridges are protocols that facilitis communication and interaction Between Different Blockchains, Enhance Interoperability. Bridging, therefore, refers to the act of moving tokens Between Different Networks.
The Cumulative Suppply of Stablecoins on Base Has Also Flatten Above $ 4 Billion Since Mid-May Alongside Slower Trading Volumes, As The Chart Below Shows.
Base: Stablecoin Supple in USD and Dex Volumes. (Artemis)
Base Bleeding EthAccount to the Data Source L2Beat, The Total Number of Ether
Deposted On Base Has Crassed from 1.82 Million Eth to Just Over 835,000 Eth In Four Weeks.
The Number of Eth on Base. (L2beat)
The Trend Is Consistent with Other Layer 2 Solutions, WHICH HAVE Seen Notable eth Outflows in Recent Weeks, Accounting To Michael Nadeau of The Defi Report on X.
Access to Coinbase’s Protocol Specialist Viktor Bunin, The Outflows Are Likely Due to Binance withdrawing Capital to the Layer 1.
“” The vast majority is just binance withhdrawing to l1. They kept an ungodly an ungodly anmount on the l2s. Unclear iflear if they were wekenting incentives to the theater the theater or the blasation of the Theater. SAID ON X.
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