Arkham Integrates Coinbase's Layer 2 Chain Base
Rebeca Moen Aug 25, 2024 07:06
Arkham Intelligence has added support for Base, the Layer 2 chain developed by Coinbase, enhancing onchain activity monitoring.
Arkham Intelligence has officially launched support for Base, the Layer 2 (L2) chain developed by Coinbase, according to arkhamintelligence.com. This integration allows users to monitor their Base activity directly on the Arkham platform.
Base Chain Overview
Base, an Ethereum (ETH) Layer 2 solution built on the OP Stack, was incubated by Coinbase and aims to offer enhanced scalability and reduced transaction costs. The mainnet of Base was opened to the public on August 9th, marking the beginning of what Coinbase has dubbed “Onchain Summer.” Within just ten days, over 750,000 unique accounts bridged to Base from Ethereum, signifying robust early adoption.
New Features for Base Users
With the integration into Arkham, Base users can now:
- View a complete token portfolio of their Base wallets.
- Visualize transactions on Base from any cluster of accounts.
- Track favorite influencers on Friend.tech.
These features aim to provide greater transparency and ease of use for users engaged in the Base ecosystem.
Early Developments in the Base Ecosystem
One of the standout projects within the Base ecosystem is Friend.tech, an on-chain social platform that recently completed its seed round with Paradigm. Over 100,000 wallets have signed up and interacted with Friend.tech’s contracts, indicating significant interest and participation.
Additionally, “Base, Day One” is an NFT commemorating the launch of the Base mainnet. Available for minting until the end of August on the Onchain Summer portal, it has already been minted over 130,000 times. This NFT celebrates Base's mission to bring more activities onchain.
Implications for the Onchain Economy
The collaboration between Arkham and Base is expected to enhance the transparency and accessibility of onchain data. By providing detailed insights and monitoring tools, Arkham aims to support a more transparent onchain economy, aligning with Base’s broader mission.
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