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Coinbase is onboarding 100 million users onto its platform, allowing them to access DeFi. Users may explore other chains like $ETH mainnet or Solana. Positive sentiment surrounds Coinbase due to lower fees and user base advantages over other Layer 2 solutions. Despite Solana's issues with memecoins, Base is seen as a bullish option with increasing trade activity.
This is very surprising given how much less there is to do on Base vs. Solana and the lower valuations of comparable memes/projects... Bullish Base I'd think. https://t.co/RLlxuo7XHF
Update to this: - In the past week, we've seen Base have ~ $30.7M inflows compared to Solana's ~ $44.5M - The disparity between the two week-over-week has started to close - Starting to see increasingly more trades per day across the board, Solana and Base are about on par… https://t.co/yz8TXFM1BX https://t.co/CmDDniDrKF
Solana turning out to be a chain that can’t handle memecoins … Makes all of this so bullish for Base no?