Coinbase’s Base L2 Emerges as Revenue Leader in Ethereum’s Layer-2 Ecosystem

Base, the ethereum layer-2 solution developed by Coinbase, has taken the lead as the highest revenue-generating rollup, surpassing competitors like Arbitrum. According to Galaxy Digital, Base has averaged $185,291 in daily revenue over the past six months—more than triple Arbitrum's $55,025—bringing its year-to-date total to $33.4 million. This remarkable performance is attributed to Base's innovative sequencing model, which aligns with Ethereum's EIP-1559 fee mechanism, optimizing transaction fees and enhancing decentralized exchange (DEX) activity. The platform's success underscores the growing dominance of Layer-2 solutions in scaling Ethereum and highlights Coinbase's strategic advantage in the blockchain space. As of July 2025, Base continues to set new benchmarks for efficiency and profitability in the crypto ecosystem.

Ethereum's Base L2 Dominates Revenue with Priority Fees and DEX Activity

Base, the Ethereum layer-2 solution developed by Coinbase, has surged ahead as the top revenue-generating rollup, eclipsing competitors like Arbitrum. Over the past six months, Base averaged $185,291 in daily revenue—more than triple Arbitrum's $55,025—according to Galaxy Digital. Its year-to-date total stands at $33.4 million.

The secret lies in Base's sequencing model, which mirrors Ethereum's EIP-1559 fee mechanism. Transactions are prioritized based on economic incentives rather than latency, creating a dynamic auction for block space. This approach has proven particularly effective alongside booming decentralized exchange activity on the network.

Ark Invest Shifts Crypto Strategy: Sells $12M in Coinbase, Buys Ether Treasury Stake

Ark Invest, Cathie Wood's investment firm, has sold $12 million worth of Coinbase (COIN) shares, marking a continued shift away from its position in the crypto exchange. The move follows recent sales of Coinbase stock and a $116 million investment in Bitmine Immersion Technologies (BMNR), an ether (ETH) treasury firm backed by Peter Thiel.

The firm offloaded 30,501 COIN shares across two funds, along with $1.1 million in Robinhood (HOOD) shares and $10 million in Block Inc (XYZ) stock. Ark also sold $1.1 million of its own Bitcoin ETF (ARKB), signaling a broader portfolio realignment.

This strategic pivot reflects growing institutional interest in Ethereum-based assets, with Bitmine emerging as a key beneficiary. The sell-off in Coinbase shares suggests a reevaluation of exchange-traded exposure in favor of direct crypto treasury plays.

XRP Price Under Pressure as Ripple Co-Founder Moves $170M in Tokens

XRP faces renewed bearish momentum following a series of high-volume transfers by Ripple co-founder Chris Larsen. Blockchain data reveals 50 million XRP ($170M) moved to multiple wallets on July 17, including two addresses potentially linked to exchanges. This follows a separate $26M transfer to Coinbase days earlier.

The market reaction has been swift. Over 450 million XRP ($2.8B) flooded sell orders last week, reflecting eroding confidence in near-term price recovery. XRP currently struggles below the critical $3.18-$3.25 resistance zone, trading NEAR $3 despite a brief bounce from $3.04 support.

Technical indicators suggest potential for reversal, with the $3.04 level aligning with Elliott Wave Theory support. Yet the shadow of large holder movements looms - "When whales shift positions, minnows scramble," observes one blockchain analyst tracking the transactions.