Here's why I think cbBTC is a game changer and could bring more volume, liquidity and activities on Base network. and most are not paying attentions yet

Here's why I think cbBTC is a game changer and could bring more volume, liquidity and activities on Base network. and most are not paying attentions yet

- Interoperability and DeFi Access: cbBTC allows Bitcoin holders to engage with the DeFi ecosystem on Base through Coinbase's initiatives. This is significant because it bridges the gap between Bitcoin's large market cap and the vibrant DeFi scene on Ethereum, particularly on Base network.

- Lower Transaction Costs: Users can transfer cbBTC on Base for very low gas fees which makes microtransactions feasible and opens up Bitcoin to a lot of defi use cases like loans, yield farming, and trading platforms at a negligible cost, enhancing its utility.

- Regulatory and Institutional Trust: Coming from Coinbase, a publicly-traded and regulated entity in the U.S. cbBTC will definitely carry a level of trust and regulatory compliance that would encourage more traditional investors and institutions to dip their toes into DeFi leading to more adoption.

- Competitive Edge over WBTC: With the controversies surrounding WBTC's custody changes, cbBTC enters the market at a time when there's demand for a trusted alternative.

- Innovation in Bitcoin Utility: cbBTC represents an evolution in how Bitcoin can be used with Base network at it's center. Instead of just being a store of value or a transaction currency on its own blockchain, it becomes a programmable asset.

The future looks bright for Base with the introduction of CbBTC on Base network.