Brian Armstrong, the chief executive officer of Coinbase, posted on X highlighting the rapid growth of Base, Coinbase’s own L2 rollup on Ethereum. He noted that lending markets on Base now hold $7.49 billion in supplied assets and $2.65 billion borrowed, indicating substantial user adoption. Armstrong framed Base as a universal financial infrastructure that supports trading, payments, and lending, and he invited developers to build on the platform. This matters because Base’s growth signals broader acceptance of layer‑2 solutions for scalable, low‑cost DeFi services, and it reinforces Coinbase’s strategy to own a public blockchain that can attract both retail and institutional activity.

“Base is quickly becoming the home for onchain finance. Lending markets now hold $7.49B in supplied assets, with $2.65B borrowed. It's financial infrastructure for everyone to use and build on: trading, payments, lending - and it's all beloved by agents. Come build on Base! (see link below)”

— Brian Armstrong (@brian_armstrong) on X · X ↗

Brian Armstrong is not affiliated with COINMAG. The quote comes from a public post on X; the context was written by the COINMAG newsroom.