Coinbase CEO: Total Deposits in Base Lending Market Reach $7.49 Billion

TechFlow reported on November 11 that, according to Coinbase CEO Brian Armstrong, total deposits in the Base lending market reached $7.49 billion as of November 9, and total assets lent out reached $2.65 billion.

The accompanying chart shows that these two metrics rose by 28.72% and 21.71%, respectively, over the past three months, with data sourced from the Base market page. Armstrong said Base is gradually becoming a platform for on-chain finance that can be used for activities such as trading, payments and lending.

Source: TechFlow