Integrating with the Base Network
Dear Pollenators,
Just an update on the recent exciting news that Pollen is expanding to Base!
As a first step in our 2024 roadmap deployment, we’re deploying on the Base network, a cutting-edge Ethereum Layer 2 solution powered by one of the largest crypto exchanges, Coinbase.
Leveraging our recent LayerZero cross-chain integration, the Base release marks the first phase of our strategic roadmap plans to bring the Pollen product suite and PLN token to new communities across the DeFi sphere.
This strategic move is set to revolutionize the way we operate and bring forth a plethora of benefits for our community. Stay tuned for future updates! In the meantime, let’s look at why we chose the Base Network:
Why Base?
There are numerous reasons why we have chosen to expand to Base, but here are just the main ones:
Enhanced Scalability: Displaying truly splendid characteristics Base can handle an impressive volume of transactions, compared to Ethereum’s mainnet. Ensuring smoother and more efficient operations even in times of peak activity is what makes the network one of the leaders in the Ethereum Layer 2 solutions category.
Cost-Effective Transactions: With Base, users can enjoy reduced transaction fees, making microtransactions feasible and cost-effective. This opens up new avenues for users to interact with our platform without worrying about high gas fees.
Seamless Interoperability: Base interoperates with the Ethereum network, allowing seamless asset transfers and portfolio rebalances on the Pollen. This interoperability also ensures compatibility with existing Ethereum-based projects and ecosystems ensuring a large variety of tokens in the long term.
Backed by Optimism: Base is built on Optimism’s renowned OP Stack, known for its security, and reliability. Apart from the provided robustness, this also signifies a breaking point for us to expand to other networks developed with the OP Stack.
Powered by Coinbase: Base benefits from Coinbase’s extensive resources and expertise, making it an ideal platform for decentralized applications like Pollen to leverage Coinbase’s products and distribution channels. This expansion opens up new opportunities for seamless integrations and access to a wider user base.
Impressive and fast-growing community: With over 8M user accounts, and 1M followers on X and Discord, Base is a community-driven platform that only keeps growing.
Checking the Statistics
If you are a number-driven individual, we have something for you as well! Base has displayed significant growth since its inception, and current statistics look more than promising for its and Pollen’s bright future.
1. Swift Transaction Processing: The Base Mainnet boasts an impressive average block time of just 2 seconds, ensuring rapid transaction processing and facilitating seamless user experiences.
2. Robust Transaction Activity: With a staggering 188.741 million completed transactions to date, the Base Mainnet demonstrates unparalleled transactional activity, underlining its status as a vibrant and bustling network.
3. Dynamic Contract Deployment: Today alone, the Base Mainnet has witnessed the deployment of 8,276 contracts, highlighting the continuous innovation and development within its ecosystem as developers deploy new smart contract solutions.
4. Trustworthy Contract Verification: A significant portion of these contracts, totaling 1,470, have been meticulously verified, reflecting the commitment to security and reliability within the Base Mainnet’s infrastructure.
5. Expansive User Adoption: Boasting a total of 8.055 million accounts and 84.168 million addresses, the Base Mainnet has garnered widespread adoption, attracting users from across the globe to participate in its vibrant ecosystem.
6. Prolific Block Production: The network has produced a remarkable 13.839 million blocks, underscoring the consistent and reliable performance of the Base Mainnet in maintaining a robust blockchain infrastructure.
7. Flourishing Contract Ecosystem: With a total of 63.399 million contracts deployed, the Base Mainnet fosters a thriving ecosystem of smart contract applications, providing users with a diverse range of functionalities and services.
8. Extensive Token Transfers: Facilitating a total of 19.445 million ETH transfers and hosting 583.544 thousand tokens, the Base Mainnet serves as a versatile platform for transferring value and supporting a wide array of digital assets.
9. High Transaction Throughput: The network has processed a staggering total of 221.988 million transactions, showcasing its exceptional capacity for handling high transaction volumes with efficiency and reliability.
10. Rigorous Contract Verification: Additionally, a substantial number of 189.698 thousand contracts have undergone meticulous verification processes, ensuring the integrity and security of the smart contracts deployed on the Base Mainnet.
These statistics collectively illustrate the remarkable growth, resilience, and vibrancy of the Base Mainnet, reaffirming its position as a leading Ethereum Layer 2 solution and a cornerstone of the decentralized finance (DeFi) ecosystem.
This integration with the Base network represents a significant milestone for Pollen and underscores our commitment to driving innovation and delivering exceptional value to our community.
We look forward to embarking on this exciting journey with you and exploring the endless possibilities the Base network offers.
Stay tuned for more updates and developments in the coming weeks!
Disclaimer
Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor.
About Pollen
Pollen is a first-of-its-kind Virtual Trading Arena where the community holds all the power. Decentralized finance is designed to be by the people, for the people, and Pollen is acknowledging this by building the first, truly decentralized platform for measuring trading skill and on-chain reputation with its Pollen Virtual suite of products.
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