Base network utility refers to the fundamental purpose or core functionality that a blockchain network provides. This utility determines the primary value proposition for its users and applications. It encompasses the essential services and capabilities upon which other decentralized applications are constructed. A robust base network utility is crucial for long-term network viability.
Context
The discussion surrounding base network utility frequently involves evaluating the specific use cases a blockchain addresses, such as secure value transfer, smart contract execution, or data storage. Networks with clear and sustained utility tend to maintain higher demand and adoption rates. Ongoing developments focus on enhancing scalability and efficiency to broaden this fundamental utility.
The strategic integration converts Chase's substantial loyalty point liability into USDC on the Base network, creating a new, scalable on-ramp for 80 million customers.
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