Coinbase’s Base Blockchain Achieves Decentralized Status, Expanding L2 Possibilities

Coinbase’s Layer-2 network, Base, has received Phase 1 decentralized status, according to Hsiao-Wei Wang, co-director of the Ethereum Foundation. This milestone signifies a significant step towards increased decentralization and wider adoption for the ecosystem. Base’s rapid growth in tokenization activity is expected to contribute significantly to this advancement.