Crypto investor Arthur Cheong is bullish on Base, Coinbase’s Ethereum scaling solution. He predicts that Base’s decentralized exchange (DEX) volume will surpass Coinbase’s centralized exchange (CEX) volume within the next year.
Cheong believes Base is the future of Ethereum and sees a surge in both DeFi and memecoins. He thinks the two trends can happen simultaneously, creating a “DeFi Renaissance.”
Base recently became the top Ethereum layer-2 scaling solution in terms of total value locked (TVL). This means that more money is being deposited into Base’s smart contracts than any other Ethereum layer-2, except for Arbitrum.
Base is still relatively new, having launched last year. Coinbase, the platform behind Base, has said they won’t be releasing a network token for the layer-2.
While Cheong’s prediction is bold, it’s important to remember that crypto markets are volatile. It’s always a good idea to do your own research before investing in any cryptocurrency.
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