Crypto entrepreneurs holding XRP
And Dogecoin can now tap yield formation Decentralized Finance (DEFI) Base Opportunities, the layer-2 blockchain from the Digital Assets Exchange Coinbase (coin).
On Wednesday, Nasdaq listed Said Exchange The wrapped versions of the two tokens, called CBXRP and CBDOGE, live at the base. Wrapped tokens have been back 1: 1 by native coins, which means that for all CBXRP and CBDOGE in circulation, there is an equivalent amount of XRP or Dogecoin to be held in a safe solution to care through Coinbase.
The wrapped tokens represent the original possession of the environments where they are not available, offering a compatibility with the base and defi protocol. This facilitates interoperability, allowing the seamless move of coins within the ecosystem while allowing holders to tap the defi and produce further returns to the top of their market handling.
The wrapped version of XRP has achieved a market cap of more than $ 5 million within the first 24 hours, according to the data resource Basescan. The wrapped market cap is fast approaching the $ 2 million marks.
XRP is a cryptocurrency-dedicated payment that Ripple uses to facilitate cross-border transactions and a market cap of $ 128.8 billion, making it fourth the largest cryptocurrency. DOGECOIN, with a market value of $ 28.2 billion, is the leading meme token worldwide of the market value, CoinDesk data show.
Coinbase dedicated a wrapped version of Bitcoin
The largest cryptocurrency, at the base in September last year. Which reached a market cap of over $ 4.7 billion.
