Coinbase CEO Brian Armstrong has introduced a new tool, Onchain Score, designed to evaluate cryptocurrency wallets.
This platform rates wallets from 1 to 100 based on their on-chain activity, including token transactions and interactions with Ethereum and the Base layer-2 network.
Armstrong’s own wallet scored 83 out of 100 and a 66 on another metric related to protocol development.
The platform currently supports Ethereum addresses but will soon include features for Ethereum Name Service (ENS) and Basenames.
Armstrong has previously praised Base for its efficiency, noting that it has cut transaction fees and processing times significantly.
Base has seen a substantial increase in developer activity and transaction volume, surpassing Ethereum’s layer-1 network in recent transactions.
The platform’s upgrades have reduced fees by about 80%, often making them less than $0.01.
The long-awaited creditor repayments from bankrupt crypto exchange FTX have hit a major roadblock, with the FTX Recovery Trust announcing a temporary suspension of payments to users in 49 foreign jurisdictions.
Congress has officially passed President Donald Trump’s landmark economic package, a sweeping bill that combines aggressive tax cuts with deep federal spending reductions.
BlackRock’s spot Bitcoin exchange-traded fund (ETF), known by its ticker IBIT, has surpassed the firm’s flagship S&P 500 ETF in annual revenue, according to a new report from Bloomberg.
Ripple has officially applied for a national bank charter from the U.S. Office of the Comptroller of the Currency (OCC), aiming to establish a new regulatory benchmark for trust in the stablecoin market.