In an exciting development for Levain users, we are thrilled to announce the launch of support for Coinbase's Base – an Ethereum Layer 2 (L2) blockchain by Coinbase – which offers a safe, low-cost, developer-friendly way to build on-chain. Alongside Base, we now also support Optimism.
With these new integrations, Levain users can now enjoy the seamless, efficient, and secure experience on Levain, all while unlocking the full potential offered by Base and Optimism.
We are consistently striving to enhance our offerings and grant our users access to the most cutting-edge blockchains. Notably, Base and Optimism are among the latest additions, complementing the existing array of supported chains by Levain. We remain committed to broadening our support for new blockchains, ensuring our users stay at the forefront of the latest investment opportunities.
With Levain's new support for Base, users gain access to a range of capabilities, including the ability to self-custody these tokens directly from Levain wallets, access DeFi and Web3 dApps, and interact with these chains using Levain’s APIs.
Earlier this year in February, Coinbase announced the TestNet launch of Base, designed with the robust security and scalability essential for building dApps. It harnesses the foundational security of Ethereum, coupled with Coinbase's industry-leading practices, facilitating a seamless onramp into Base from Coinbase, Ethereum L1, and other interoperable chains with confidence. After vigorous testing, they then launched MainNet in August with multiple projects across DeFi and Web3 building dApps on Base, growing to more than 100,000 daily active users over a short period of time.
Optimism is also a L2 scaling solution for Ethereum, previously known as Optimistic Ethereum. It aims to address some of the scalability challenges faced by the Ethereum network, particularly high gas fees and slower transaction processing times. It does this by enhancing the throughput and efficiency of the Ethereum blockchain by processing transactions off-chain and then periodically submitting a summary of these transactions to the Ethereum mainnet.
Optimistic Rollups operate on the principle of "optimistic" execution, assuming that most transactions are valid and only checking when a dispute arises. This allows for faster transaction processing and lower fees compared to the Ethereum mainnet.
The chain has also garnered attention and adoption, particularly within the DeFi. Several DeFi projects have explored or integrated with Optimistic Ethereum to improve scalability and offer users a more cost-efficient experience. Popular DeFi protocols on Optimism include Uniswap, Aave and Curve Finance.
Levain Continues to Enhance Its Blockchain Support Network
As a leading self-custody and wallet infrastructure provider, Levain empowers developers to build groundbreaking applications on both Base and Optimism, reinforcing our commitment to delivering cutting-edge solutions.
Levain makes it easy to start, run and grow any crypto business with enterprise-grade security and self-custody wallet infrastructure.
With Levain, companies can easily build and launch crypto products or services, without being burdened by the complexities of blockchain development or regulatory challenges.