PancakeSwap Infinity, the latest version of the DEX, has launched on Coinbase’s Base network as its TVL and DEX activity hit all-time highs. PancakeSwap Infinity, the fourth version of the PancakeSwap decentralized exchange (DEX), has made it to Coinbase’s Ethereum layer-2 network, Base. According to a Tuesday announcement shared with Cointelegraph, PancakeSwap Infinity is now live on Base. The announcement follows the launch of PancakeSwap Infinity on BNB Chain at the end of April. The announcement comes as Base’s total value locked (TVL) reached a new high of $4.295 billion, according to DefiLlama data. This represents a 33.75% increase from its TVL of $3.211 billion reported on Jan. 1. Read more
Once the pilot phase ends, Coinbase’s institutional clients can begin using JPMD for transactions. JPMorgan Chase’s foray into the blockchain ecosystem continues, with the financial institution choosing the Base network to pilot its newly launched deposit token, JPMD. The pilot program was confirmed by Naveen Mallela, an executive at JPMorgan’s blockchain division, Kinexys, who told Bloomberg that a fixed amount of JPMD tokens will be transferred to crypto exchange Coinbase in the coming days. The transfer will be facilitated through Coinbase’s layer-2 blockchain, Base, which launched in 2023 and currently has the largest market share among Ethereum layer-2s, according to CoinGecko. Read more