Coinbase enters the Layer 2 Ring with Base Ethereum Layer 2 network Base has been launched by Coinbase, the top crypto exchange in the US. Bitcoin exchange Coinbase unveiled Base – a testnet version of its newly developed Ethereum Layer 2 network. Coinbase is entering the layer 2 space, which offers faster and more affordable blockchain solutions. Coinbase Global’s crypto exchange allows developers to build apps and link to Coinbase Global products easily. The Coinbase layer 2 Base runs on OP Stack, a layer 2 network solution developed by Optimism Network. A significant rise in buying interest for the Optimism token followed the Coinbase layer 2 launch news. As a sequencer for Base transactions, Coinbase will eventually have a fully permissionless validator set. As Coinbase’s native blockchain, Base will host many of the exchange’s products. Optimism’s native token OP spiked after the official announcement of Base’s layer-two blockchain. Based on market size, the Optimism token is ranked 75 among all cryptocurrencies. The Optimism token price is currently at $2.88, not far from its all-time high of $3.11. Read More: https://onthenode.com/news/coinbase-enters-the-layer-2-ring-with-base/