Ethereum Destruction on Coinbase L2 Network Surpasses Blur
On February 24, it was reported that the destruction of Ethereum in the \”Base\” NFT of the Coinbase L2 network had reached 403.06 ETH, surpassing Blur (336.67 E…
On February 24, it was reported that the destruction of Ethereum in the “Base” NFT of the Coinbase L2 network had reached 403.06 ETH, surpassing Blur (336.67 ETH), and ranked first in the past 24 hours, according to the data of ultra-sound.
Coinbase L2 network “Base” NFT Ethereum destroyed more than Blur
Interpretation of the news:
The world of cryptocurrency is no longer limited to just Bitcoin. Ethereum, a decentralized blockchain platform that uses smart contracts, has also been gaining popularity. In recent times, the use of non-fungible tokens (NFTs) on Ethereum has been on the rise. NFTs are unique digital assets that are verified on the blockchain and can be used to represent ownership of items like art or collectibles.
Coinbase, a popular crypto exchange platform, has its own Layer 2 (L2) network for Ethereum. The L2 network allows for cheaper and faster transactions than the main Ethereum network. However, a recent report has shown that the destruction of Ethereum in the “Base” NFT on the Coinbase L2 network has surpassed that of Blur.
The destruction of Ethereum refers to the amount of Ethereum that has been used up in order to purchase, trade, or transfer NFTs. In the past 24 hours, the destruction of Ethereum for the “Base” NFT on the Coinbase L2 network has reached 403.06 ETH. This surpasses the previous record held by Blur, which was 336.67 ETH.
This news is significant for several reasons. Firstly, it shows that the use of NFTs on the Coinbase L2 network is increasing rapidly. This is likely due to the cheaper and faster transaction fees offered by the L2 network. Secondly, it highlights the growing popularity of Ethereum as a blockchain platform for NFTs. Finally, it shows the potential for growth in the NFT market.
As the NFT market continues to grow, more platforms are likely to adopt them. This could lead to an increase in the demand for Ethereum and other blockchain platforms that support NFTs. Additionally, the use of L2 networks could become more popular in order to reduce transaction fees and increase transaction speeds. It will be interesting to see how the NFT market develops in the coming months and years.
In conclusion, the destruction of Ethereum on the Coinbase L2 network has surpassed Blur, indicating a growing interest in NFTs on the platform. This news highlights the potential for growth in the NFT market and the importance of blockchain platforms like Ethereum.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/3131.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Coinbase’s Layer 2 Network Base Now Supports Chainlink Test Network Token
According to reports, the Layer 2 Network Base launched by Coinbase announced on social media that the Chainlink test network token LINK is currently supported on Base Goerli. User
-
SafeMoon Tokens on the BSC Chain Introduce a New Vulnerability, Leaves Investors and Developers Worried
According to reports, according to the Beosin EagleEye security risk monitoring, early warning, and blocking platform monitoring under the blockchain security audit company Beosin,
-
What are Shanzhai Coins (Are Shanzhai Coins valuable)?
What are Shanzhai Coins? What are the characteristics of Shanzhai Coins? Firstl
-
Silvergate’s Warning Triggers 35% Plunge
It is reported that Silvergate, a digital currency financial service company, plunged 35% before the market on Thursday. The company had previously warned that…
-
Open Campus Chooses A New Foundation To Cater To All Ages Of Education Services
On April 26, it was reported that Alan Lau, chief commercial officer of Animoca, said in a speech on Twitter Space that Open Campus did not issue coins in the name of TinyTap becau
-
Coinbase Trust Remains a Qualified Custodian Despite SEC’s Proposed Rules
According to reports, Paul Grewal, the chief legal officer of Coinbase, said: \”After the United States SEC proposed to formulate rules, we believe that Coinbas…
-
Korea’s Financial Supervisory Institute Researches Overseas Virtual Assets
On February 14, according to the source, the Digital Assets Research Group of the Korea Financial Supervisory Institute is focusing on the overseas cases relat…
-
10T Holdings Shifts Focus from Crypto Investment to Private Equity
It is reported that 10T Holdings, a crypto investment company founded by Dan Tapiero, a senior hedge fund, will not make any further financing. On the contrary…
-
Google Authenticator iOS App Update: Introducing Cloud Synchronization
On April 25th, it was announced that the iOS application of Google Authenticator has released version 4.0, which adds cloud synchronization support. Users can synchronize the verif
-
Suspected Voyager Address Deposits $66.18 Million Worth of Tokens into Coinbase
It is reported that the Web3 knowledge map protocol 0xscope tweeted that after six months of dormancy, the suspected Voyager address began to deposit a large a…