Crypto traders with XRP
XRP$ 2.19
and dogecoin
Doo$ 0.18860
Can now use the possibilities for generating decentralized financing (Defi) based on the base, the Layer-2 blockchain from Digital Assets Exchange Coinbase (Coin).
On Wednesday, the Nasdaq-listed exchange said that the wrapped versions of the two tokens, CBXRP and CBDOGE were live on base. These packaged tokens are supported 1: 1 by native coins, which means that for all CBXRP and CBDOGE in the circulation an equivalent amount of XRP or Dogecoin is held in a secure detention solution by Coinbase.
Wrap -Tokens represent the original assets in environments where they are otherwise not available and offer compatibility with the Protocol of the Basic and Defi applications. This facilitates interoperability, making the seamless transfer of coins within the ecosystem possible, while holders can tap to Defi and can generate additional returns on top of their spot market ownership.
According to data source Basescan, the packed version of XRP has achieved market capitalization of more than $ 5 million of more than $ 5 million. Wrap Doge’s market capitalization quickly approaches $ 2 million.
XRP is a payments-oriented cryptocurrency that is used by Ripple to facilitate cross-border transactions and has a market capitalization of $ 128.8 billion, making it the fourth largest cryptocurrency. Dogecoin, with a market value of $ 28.2 billion, is the world’s leading meme -token based on market value, according to Coindesk data.
Coinbase debuted a packed version of Bitcoin
BTC$ 104,559.34
The largest cryptocurrency, at the base in September last year. This has achieved market capitalization of more than $ 4.7 billion.