Binance U.S has introduced full support for the Base network, allowing users to deposit and withdraw Ethereum (ETH) and USD Coin (USDC) directly through the growing Ethereum Layer 2 chain. This development is expected to streamline on-chain transactions by offering users lower fees and faster speeds.
The integration marks a major shift for U.S.-based crypto users looking for efficiency without depending on Ethereum’s congested mainnet. By supporting ETH and USDC on Base, Binance U.S. enables a smoother experience for retail users and developers. Future updates are expected to support additional digital assets.
Base, launched in 2023, is built using Ethereum’s Layer 2 scaling infrastructure and has rapidly emerged as a major player. Instead of creating its token, it uses ETH for gas fees, simplifying the experience and aligning closely with Ethereum’s broader ecosystem.
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The newest integration mirrors escalating market requirements for blockchain solutions that provide efficiency and scalability. Binance U.S customers can access Base’s benefits without requiring complicated bridging methods or third-party integration.
The Base now operates amongst a select group of centralized platforms that provide immediate support for Base-based transaction entry and exit routes.
Base Sees Spike in Activity and Institutional Confidence
Signs of rising institutional interest have emerged as Base continues to expand its reach across the blockchain space. Influencers like Velvet Unicorn have pointed to Binance U.S’s support as a key signal that Layer 2 networks are gaining broader credibility.
IntoTheBlock data indicates that Base gained an 82% expansion of its active address share from Layer 2 protocols after starting the year at 63%. The platform has executed more than 4 million transactions daily while maintaining over 1 million active users.
Base’s rapid expansion occurred while the market showed signs of general cautious behavior.
Growing user confidence has led to a $6.3 billion Total Value Locked in the network, indicating increased on-chain operations. Base establishes itself as an essential infrastructure throughout the Ethereum ecosystem by serving various new projects and bridge implementations.
The Base Network attracts users because it offers straightforward operations, minimal fees, and convenient developer tools. As Binance U.S. joins its platform, the Base Network is predicted to experience additional growth.
Binance U.S.’s decision to incorporate Base for direct ETH and USDC transfers marks an essential advancement in the crypto market. Base integration through Binance U.S. could modify exchange transaction methods because users actively pursue quicker and less expensive processing options.
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