Introduced in 2022, Coinbase’s layer 2 marked a significant milestone in the platform’s growth journey. This expansion represented a major shift for Coinbase, moving beyond its role as a traditional crypto marketplace.
Since its launch, layer 2 has witnessed rapid adoption and growth within the Coinbase ecosystem. The platform experienced a remarkable surge in transaction volume, with a 55% increase in the third quarter compared to the previous quarter.
This expansion into layer 2 technology has opened up new possibilities for Coinbase, allowing the exchange to explore innovative solutions and enhance its overall user experience. As the platform continues to evolve and expand, Coinbase is poised to further solidify its position as a leading player in the cryptocurrency industry.
