Over $160,000,000 in Ethereum and Other Crypto Assets Moved to Coinbase’s Layer-2 Solution Hours After Launch

Hundreds of millions of dollars worth of Ethereum (ETH) and other crypto assets have been moved to Coinbase’s new layer-2 scaling solution Base just hours after its launch.

New data from Dune Analytics reveals that about $163 million has been moved to the bridge, which is powered by the blockchain-scaling solution Optimism (OP) since it publicly launched yesterday.