Coinbase introduced synthetic tokens cbADA and cbLTC backed 1:1 by the underlying assets held in Coinbase custody.
The launch of cbADA and cbLTC follows earlier activations of cbDOGE and cbXRP, offering users a way to interact with popular non-Ethereum assets on Base's layer-2 infrastructure.
cbBTC and cbETH are also supported by Coinbase, with steady growth in circulating supply and transfer activity observed.
Data from L2Beat shows Base as the second-largest Ethereum layer-2 platform, with over $12 billion in total value secured, enhancing its role in cross-chain liquidity.