In a significant development for the cryptocurrency industry, Coinbase’s Base blockchain has quickly risen to become the second-ranked blockchain network in terms of the number of developers actively contributing to its ecosystem.
According to a recent report by DeveloperReport, as of July 1, Ethereum continues to lead with 2,788 full-time developers and a total of more than 8,865 developers. However, Base, a relatively new player launched just a year ago, has made remarkable strides, securing the second position with 889 full-time developers and a total of 3,991 contributors.
According to DeveloperReport, as of July 1, Ethereum has 2,788 full-time developers, with a total of more than 8,865 developers; Base ranks second, with 889 full-time developers, with a total of 3,991; Polygon Solana Arbitrum Scroll ranks third to sixth, with 2,877, 2,856, 2,530,… pic.twitter.com/fMFFNxh5NK
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This rapid growth highlights Base’s increasing influence in the crypto space, signaling strong developer interest and confidence in the platform’s potential. Base’s performance has outpaced other notable blockchains, including Polygon, Solana, Arbitrum, and Scroll, which rank third to sixth with 2,877, 2,856, 2,530, and 2,429 developers respectively. The substantial developer engagement with Base suggests a growing ecosystem that is poised to drive innovation and new applications on the network.
Base’s Rise Despite Legal Headwinds
Despite its impressive growth, Coinbase’s Base blockchain network is navigating through a challenging legal landscape. Coinbase, the parent company of Base, is currently facing lawsuits filed by the U.S. Securities and Exchange Commission (SEC). The SEC has alleged that Coinbase has been operating as an unregistered securities exchange, accusing the company of listing several tokens that the SEC deems to be securities. These legal challenges have put pressure on Coinbase, raising concerns about the future regulatory environment for crypto exchanges and platforms in the United States.
A Promising Future for Base
Base’s rapid ascent in the developer rankings underscores the network’s potential to become a major player in the blockchain ecosystem. The platform’s ability to attract nearly 4,000 developers in just a year reflects its promise and appeal to the developer community. As Base continues to grow, it could play a pivotal role in advancing blockchain technology and its applications.
Read also: WazirX Seeks Moratorium In Singapore Amid Controversy: Indian Crypto Community Voices Concerns
Coinbase’s Base Blockchain Surges to Second Place in Developer Rankings Amidst Legal Challenges
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