Base DeFi TVL Hits Record $5.7B as Coinbase Integrations Fuel Growth

DeFi TVL has reached an all-time high of $5.7 billion, thanks in part to the integration of Base applications into Coinbase Wallet. This milestone was achieved with the help of multiple fresh launches in AI, payments, privacy, and prediction markets.

The integration with Coinbase is significant as it allows users to access tokenized stocks through various Base applications. The success can also be attributed to other factors such as the Bankrbot Runtime Agent Week and hackathon, which signal a sustained builder inflow into the platform.

According to the source, ETH currently sits at $2,524.73 within its Bollinger band. The upper resistance is at $2,563.82 while the EMA50 support remains intact at $2,485.06. The MACD golden cross also indicates a bullish trend in the 4h structure.

Despite these positive indicators, it's essential to note that there may be room for overbought conditions before they become apparent, given the RSI of 56.65.