Base launches Azul on mainnet, pushing Coinbase’s Ethereum L2 toward full decentralization

The Block8h agoUpdated 8h ago
Base launches Azul on mainnet, pushing Coinbase’s Ethereum L2 toward full decentralization
Smart Read

Base has deployed its Azul upgrade on mainnet, with multiproofs and a new client stack advancing decentralization....

Key takeaways

  • 1Base deployed Azul upgrade on mainnet with multiproofs and new client stack technology.
  • 2Azul advancement moves Coinbase's Ethereum L2 toward full decentralization and validator independence.
  • 3Upgrade enhances Base network's technical infrastructure for reduced centralization risks.

Coins in this story

ETH
₹1,999.86
+0.80%

Why it matters

Base's decentralization progress strengthens Ethereum's Layer 2 ecosystem security and could improve transaction reliability for Indian investors using Base-based DeFi protocols and applications.

Related stories

Bitcoin underperforms risk assets as record 9th day of ETF outflows signal waning demand
CoinDesk6h ago60-word brief

Bitcoin underperforms risk assets as record 9th day of ETF outflows signal waning demand

Bitcoin slipped to $73,500, down 10% from May's $81,000 peak, as spot ETF outflows hit a record nine-day streak. Weak buyer demand, not selling pressure, drives the decline despite broader risk assets rallying on U.S.-Iran de-escalation news. Long-term holder supply reached record levels, but reflects inactivity rather than conviction, signaling cooling institutional interest in crypto markets.

Bitcoin ETF outflows reach record nine-day streak as investors pull $2.8 billion
CoinDesk7h ago60-word brief

Bitcoin ETF outflows reach record nine-day streak as investors pull $2.8 billion

Bitcoin ETF investors pulled $2.8 billion over nine consecutive trading days, the longest outflow streak since January 2024 launch. Bitcoin fell from $80,000 to $73,000 amid underperformance versus AI and semiconductor stocks. Historical patterns suggest sustained ETF selling often precedes market bottoms, offering potential reversal signals for crypto traders and Indian investors monitoring institutional flows.

Paxos Secures SEC Registration as Clearing Agency
Decrypt7h ago60-word brief

Paxos Secures SEC Registration as Clearing Agency

Paxos secured SEC registration as a clearing agency, a significant regulatory milestone enabling the blockchain infrastructure firm to provide settlement services for digital assets. This approval streamlines crypto transactions and reduces counterparty risk, potentially benefiting institutional adoption. For Indian investors, clearer regulatory frameworks around crypto custody and settlement could increase legitimacy of digital asset investments domestically.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.