It promotes the interconnection of an on-chain economy of $9.15 billion
The Layer-2 Base network has officially integrated into the Solana ecosystem, launching the Base-Solana bridge and using Chainlink's CCIP protocol to enable seamless cross-chain transfer of SOL and other Solana assets. This initiative transforms Base, which was previously an Ethereum-focused Layer-2 network, into a major liquidity hub, significantly improving interoperability between the two leading ecosystems.
The Base-Solana bridge ensures security through a multi-layer validation model: the CEX behind Base and Chainlink's CCIP nodes act as independent validators and verify all token transfer messages. This mechanism effectively protects the security of cross-chain assets. Johann Eid, Chief Commercial Officer of Chainlink Labs, stated that with Chainlink CCIP, Base is advancing the industry towards more reliable interoperability standards.
Currently, several decentralized applications (dApp) such as Zora, AerodromeFi, and RelayProtocol already support the Base-Solana bridge, providing users with native transactions and usage of Solana assets. This bridge unifies liquidity between Solana and EVM chains, enabling developers to directly support Solana tokens and strengthening the connections between the two ecosystems.
The growth indicators for Base are impressive: over 880,000 daily active addresses, a stablecoin market capitalization of $4.488 billion, over 3.7 billion cumulative transactions, and a peak transaction speed reaching 140 transactions per second. The total value locked (TVL) of Base reaches $9.156 billion, consolidating its position as a leading second-layer security hub.
This upgrade marks a key milestone for Base in its progress towards its goal of becoming the nerve center of the 'economy of everything,' further fostering the global interconnectedness of the on-chain economy. As new chains join the ecosystem, Base will become the central platform for the seamless circulation of cross-chain assets.
