Coinbase is intensifying its shift towards blockchain with a significant move to store more corporate and customer USDC balances on its Layer 2 blockchain, Base, as announced by Max Branzburg, Vice President of Coinbase. This decision aligns with the company's broader strategy to transition its business operations onchain, aiming for cheaper, faster, and more efficient financial transactions. The move has been supported by various quarters, including Coinbase executives and industry observers, who highlight the benefits of lower fees, faster settlement times, and no impact on the user experience. Base's Total Value Locked (TVL) has seen a remarkable increase, soaring by 25% in a week from $705 million to $892.6 million, and has surpassed $1 billion. This growth underscores the growing acceptance and utility of Base in the crypto ecosystem, further evidenced by Coinbase's commitment to fostering this platform despite potential deviations from traditional crypto ideals.