Daily Crypto NewsEDITION #797, 31 July 2023

BASEd FOMO

Hey, Moni Maker! 👾

Today, in 1967, cigarette advertising was banned in Great Britain. Memcoins also cause addiction and can undermine your health, but at least they are fun. Choose your addictions wisely!

In today's digest, we'll talk about BASE and Curve.

Let's go!

#TOPNEWS

Madness in BASE: How it happened and why

What is BASE, and what happened yesterday?

BASE is an L2 solution for Ethereum from Coinbase. Long story short, it's another project aiming to make Ethereum cheaper and easier to use. Yesterday, degens found a way to deposit Ethereum into the BASE mainnet through a contract. As a result, hundreds and thousands of people rushed to create their memecoins and invest in them to earn some profit.

Yesterday, the Total Value Locked (TVL) in BASE increased from $396k to nearly $42 million.

How to use BASE and is it worth it?

To send your Ethereum to BASE, you need to send $ETH from the Ethereum network to the contract, add the network, and wait for about 10 minutes. There are currently no official bridges, but one is available, though we don't guarantee its safety.

To send $ETH, use this address: 0x49048044D57e1C92A77f79988d21Fa8fAF74E97e

To add the network:

- Go to this link

- Connect with Metamask

- Add the network

Bridge (be careful!): https://okok.network/#/bridge

Here's where we bought memecoins yesterday: https://twitter.com/LeetSwap

Check memecoin charts here: https://dexscreener.com/base

Track transactions here: https://basescan.org/

What did we do?

– We recommend treating these plays as entertainment, where you can make some money but avoid putting in too much.

– When BASE launches a bridge with new funds, $BALD might rise again. Keep an eye on other coins as well.