tl;dr
Base developers and users now have access to all Chainlink services, including Data Streams and VRF infrastructure, enhancing both platforms' capabilities. This integration enables the creation of user experiences rivaling centralized exchanges, with ultra-fast DeFi products and on-chain execution s...
Base recently integrated Chainlink services, providing developers and users with access to Data Streams and VRF infrastructure. This collaboration enhances both platforms' capabilities, allowing for the creation of user experiences comparable to centralized exchanges. The integration empowers developers to build on-chain apps using Chainlink's full suite of products, marking a significant milestone in the evolution of DeFi and blockchain technology.
Base's total value locked (TVL) surged by 19.7% in August, indicating a growing interest in the platform. However, concerns about decentralization and withdrawal delays attributed to reliance on Optimistic Rollups present challenges for Base. Despite these obstacles, the integration equips developers with essential tools to build dynamic, secure, and high-performance applications, ensuring users enjoy a seamless on-chain experience.
Base has seen a 19.7% surge in TVL since August 5, climbing from $1.229 billion to $1.472 billion by August 16, highlighting rising user participation and growing interest in the platform. However, concerns about decentralization due to its current setup and withdrawal delays pose challenges for Base. It currently relies on Optimistic Rollups, which have contributed to delays and security concerns, impacting the platform's TVL negatively.
More about Couchbase Inc
Couchbase Inc
Industry: Technology, Services-Prepackaged Software
Revenue: $901,050,000
Profit Margin: -1.64%
Operating Margin: 3.953%
Return on Assets: -0.417
Market Cap: $190,368,000
P/E Ratio: 26.5
Dividend Yield: 0
Beta: 0.252