Despite the ongoing SEC lawsuit, Coinbase’s Ethereum Layer 2 network, Base, experienced a surge in smart contract deployment.
On Wednesday, Base released technical updates highlighting its scalability improvements. It discussed the challenges with Layer 2 data management, such as a surge in data-heavy transactions.
Over 1 Million Smart Contracts Deployed
The company started Builder Quest Campaign to encourage developers to write smart contracts on the Base.
It is worth noting that despite Coinbase’s legal troubles, Base has received developers’ participation. The crypto community encourages developers to keep building, ignoring Fear, Uncertainty, and Doubt (FUD).
Coinbase Faces Legal Troubles
After the news broke out, Coinbase stocks plummeted 18% pre-market. However, the stock has also recovered 17% from Tuesday’s bottom.
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