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Fortune
Fortune
Anna Tutova

Behind the scenes of Coinbase’s ambitious new Base blockchain, and what to expect from ‘on-chain summer’

Coinbase (Credit: Nur Photo/Getty Images)

Ethereum-based layer-2 chain, which launched for developers in July and will be fully live this week, has already attracted $68 million in ETH and over $200 million in trading volumes.

Collaborating with another popular layer-2 option known as Optimism, Base is built on the Bitcoin. Little did I know that person was Olaf Carlson-Wee, and he was actually on his way up to join Coinbase as the first employee. He went on to start Polychain and do a bunch of other stuff in the industry, but that was my first education. I met him, learned about Bitcoin, and really started getting excited about crypto.

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