What Happened on Feb. 27th | Two Less Talked Features of the Base Chain

TI Research

The announcement of Coinbase's own Layer 2 - the Base chain - has sparked excitement in the crypto community. Crypto Researcher tolks point out there are two less discussed aspects of Coinbase's collaboration with Optimism that may be very important detail.

The first one is Account Abstraction (AA) — Coinbase says Base will enable developers to, “set up gasless transactions for your dapps with easy developer APIs for account abstraction”.

Account abstraction aims to simplify the UX in Web3 apps. It moves the complexities of custody, wallets, and blockchains to the background and replaces them with familiar UX. With account abstraction, users don’t need to download wallets and sign transactions every time they want to complete an action. Instead, transactions can be bundled and approved at once. That’s a vast UX improvement for Web3 applications.

The second is Superchain — Optimism’s announcement of the Superchain: “a project that seeks to maximize interoperability and composability between different chains using the OP Stack, and integrate siloed L2s into a single cohesive layer…a shared optimistic rollup bridge with a path towards native cross-chain communications & data availability” .

We are witnessing the booming of various Ethereum Layer 2 chains. However, this brings fractured liquidity, it becomes increasingly important to unifying liquidity that currently resides in different Layer 2s.

Biggest Gainers & Losers

Source:TokenInsight Gainers and losers

Headlines

SEC Chairman Gary Gensler Views All Crypto Are Security Except Bitcoin: He asserts that the tokens are securities because there is a group in the middle, and the public anticipates profits based on that group.

GMD Launched a New Launchpad to Onboard Promising Projects into Arbitrum: most of Arbitrum new projects are using Camelot Launchpad, now there is a new competitor.

Hot projects on the market

Lotte Partners with Polygon to Expand Lotte Group's NFT Project Globally

Shibarium Launches New Website and Intake System for Collaborations and Partnerships

BitDAO Community Proposes $200 Million Fund to Develop Mantle Ecosystem

Other news in case you missed it:

Ethereum Goerli Testnet Version of BAYC Floor Price Reaches 40 $ETH

Blockchain Game Developer Curio Research Closes $2.9 Million Seed Round

 

Optimism

Layer 2

Ethereum

Policy and Regulation

Arbitrum

TI Research

TokenInsight is a data and research organization for the digital asset market. TI provides comprehensive asset-related data and comprehensive and timely information and research services for digital assets.

delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open