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Owlto Finance Says Base Smart Contracts Deployed Through Platform Surpass 210,000

According to the platform’s official data released on May 15, deployments on Base (Coinbase-backed Ethereum layer-2 network) have crossed a key usage milestone.

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Summary

Owlto Finance said smart contracts (self-executing blockchain code) deployed on Base (Coinbase-backed Ethereum layer-2 network) through its platform have surpassed 210,000. The official data was released on May 15, indicating continued activity on Base and sustained use of the platform’s deployment tools.

Terms & Concepts
  • smart contracts: Self-executing blockchain code that runs when preset conditions are met.
  • Base: A layer-2 blockchain network built on Ethereum that aims to lower transaction costs and improve speed.
  • layer-2 network: A blockchain scaling system that processes transactions off the main chain to improve efficiency.