Coinbase Just Supercharged Base with Wrapped XRP and DOGE—DeFi’s About to Get Spicy
Base—Coinbase’s Ethereum L2—just opened the floodgates for two retail-favorite tokens. Wrapped XRP and DOGE are now live, bridging the meme coin frenzy and ‘legacy’ crypto into DeFi’s playground.
Why it matters: This isn’t just cross-chain interoperability—it’s a strategic power move. By onboarding assets with cult-like followings, Base positions itself as the go-to chain for both degens and institutional dabblers (who’ll inevitably FOMO in later).
The fine print: Wrapped assets mean you’re trading IOUs, not the real thing—but hey, since when has crypto cared about that? Liquidity pools just got a double shot of adrenaline, and arbitrage bots are already licking their lips.
Bottom line: Coinbase isn’t just dipping toes into DeFi anymore—it’s cannonballing in. TradFi banks still can’t decide if crypto’s a ‘fraud’ or ‘asset class,’ but Base’s TVL won’t wait for their permission slip.
Ethereum Gaining Ground as Institutional Favorite for Financial Infrastructure
A spokesperson from Base highlighted that the initiative is part of a broader push to simplify participation in the on-chain economy. “Our goal is to make digital assets more accessible through an open and permissionless environment,” they said.
Coinbase also confirmed that wrapped versions of Litecoin (cbLTC) and Cardano (cbADA) are still in development and expected to be added to the Base platform soon.
