Crypto: Coinbase opens the DEFI on the basis of XRP and DOGECOIN with its new WRAPPED TOKENS

The Battle of Layers 2. The Layer 2 Coinbase base network continues to attract capital and according to Defillama data, the network has exceeded $ 15 billion in TVL. Growth who could well continuebecause Coinbase has just announced the deployment of two new WRAPPED TOKENS On the basis: CBXRP and CBDOGE. And with the strong community faithful to XRP and Doge, it smells good for Coinbase!

Coinbase deploys two new WRAPPED TOKENS on the basis

In September 2024, Cornerbase had already deployed the CBBTCa version wrappée Bitcoin on its base network. On June 4, the company therefore announced the deployment of two new WRAPPED TOKENS on the basis, namely the CBXRP and the cbdoge.

As a reminder, these so -called tokens wrapped are tokens representing another asset. In this case, the CBXRP represent the Xrp and the cbdoge represent the Dogecoin.

They provide liquidity to the network, while allowing XRP and DOGE holders to take advantage of the network DEFI opportunities. According to theannouncementCBXRP and CBDOGE are already available on the basis and can be used in the different DEFI Applications of the network.

A new step for the Coinbase network

The deployment of these two new WRAPPED TOKENS marks a new step for Base And this should allow this network to attract more and more liquidity.

For their part, XRP and DOGE holders – and there are many – can now enjoy yields proposed by the various DEFI applications of the network, rather than hodler simply their token or put them in stations on the original network.

According to data from Basescanthe CBXRP has already reached capitalization of more than $ 5 million in 24 hours. For its part, the CBDOGE has reached a capitalization of $ 2 million.

Last March, Base exceeded its competitors to become The first layer 2 on the Ethereum network And at present, he is still in first position in terms of TVL. A nice success for Coinbase teams.