Two crypto projects are taking off after getting a big thumbs-up from Coinbase, a major US crypto exchange.
Moonwell (WELL), a DeFi platform, and ZKsync (ZK), an Ethereum scaling solution, are now available for buying, selling, and trading on Coinbase. This news sent both WELL and ZK prices skyrocketing.
Moonwell: Lending and Borrowing on Multiple Blockchains
Moonwell is a platform that lets you borrow and lend crypto assets. It’s built on several different blockchains, including Base (Coinbase’s own blockchain), Optimism (another Ethereum scaling solution), and Moonbeam.
Recently, Moonwell made headlines by becoming the first app on Base to support cbBTC, a version of Bitcoin that exists on both Base and Ethereum.
ZKsync: Speeding Up Ethereum
ZKsync tackles one of Ethereum’s biggest challenges: slow transaction speeds. It uses a special type of cryptography called zero-knowledge proofs to make Ethereum transactions faster and cheaper, without sacrificing security or decentralization.
Coinbase’s Impact
Coinbase’s decision to list these projects is a big deal for both Moonwell and ZKsync. It means more people can now easily access these platforms and potentially invest in them.
Disclaimer:
This information is for general knowledge and should not be considered investment advice. Always do your own research before investing in any cryptocurrency. /p>
