Coinbase-Backed Base Network Challenges Ethereum with Scalability Breakthroughs

Base, the LAYER 2 network supported by Coinbase, is rapidly advancing its performance capabilities, positioning itself as a strong competitor to Ethereum. With a Total Value Locked (TVL) soaring to $4 billion, the platform is gaining significant traction. Base’s ambitious upgrade plan includes achieving sub-200 millisecond transaction confirmations, sub-cent fees, and a throughput of 200 transactions per second. These enhancements aim to address Ethereum’s scalability limitations, marking a pivotal moment in the Layer 2 ecosystem. Jesse Pollak’s leadership underscores the network’s potential to redefine efficiency and cost-effectiveness in blockchain transactions.

Base’s Ambitious Upgrade Plan Challenges Ethereum’s Scalability Dominance

Base, the Coinbase-backed Layer 2 network, is making waves with its aggressive performance roadmap. Total value locked (TVL) has surged to $4 billion, signaling renewed confidence as the platform targets sub-200 millisecond transaction confirmations, sub-cent fees, and 200 transactions per second throughput.

The upgrades position Base as a formidable challenger to Ethereum’s scalability limitations. Jesse Pollak’s recent communications outline a clear decentralization strategy for Base’s infrastructure on ethereum mainnet—a move that could redefine the Layer 2 competitive landscape.

While Ethereum struggles with congestion, Base’s technical improvements and Coinbase’s institutional backing create a compelling value proposition. The network’s trajectory suggests it’s evolving from fast follower to potential market leader in the race for Layer 2 supremacy.

Investor Sues Coinbase Over Stock Slide Tied to Data Breach and Regulatory Fine

Coinbase faces a shareholder lawsuit following a significant drop in its stock price, allegedly due to the company’s failure to disclose critical information about a data breach and a $4.5 million fine from the UK’s Financial Conduct Authority (FCA). The lawsuit, filed by investor Brady Nessler in the US District Court for the Eastern District of Pennsylvania, seeks compensation for financial losses incurred by shareholders who purchased Coinbase stock between April 2021 and May 2025.

The complaint centers on claims that Coinbase concealed details of a data breach involving sensitive customer information, including names, addresses, and identification documents. Cybercriminals reportedly bribed overseas support agents to access the data, later attempting to extort $20 million from the exchange. While Coinbase has emphasized its commitment to security, the lawsuit alleges these omissions directly contributed to investor losses.