Nansen, a blockchain market intelligence firm, has released a report analyzing how early whales who onboarded Coinbase’s layer 2 blockchain, Base, are using their money. The report found that these early whales predominantly allocated their funds to Ethereum and its layer 2 networks. As of August 7, the highest value held by these whales was on Ethereum itself, followed by Base, Arbitrum, and Optimism. When it comes to tokens, ETH was the most common holding, followed by allocations to memecoins like Bald, UNIBOT, and Bitcoin.
The report also highlighted the most common entities these whales interact with, including decentralized exchanges such as Uniswap and 1Inch. The whales’ activity primarily consisted of engaging with DEXs, stablecoins, layer 2 solutions, and popular DeFi apps. Nansen suggests that many of these early depositors were “crypto native degens.” Base officially launched on August 9 and quickly gained 136,000 daily active users within the first two days.
#Whales #CoinbaseBase #Blockchain #MarketIntelligence #Cryptocurrency #Ethereum #Layer2 #Base #Arbitrum #Optimism #Tokens #DEX #DeFi #Nansen #CryptoPotato
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