BTCS Expands DeFi Operations onto Layer-2 Network Base

BTCS Inc., a company focused on blockchain infrastructure operations and decentralized finance (DeFi), has expanded its DeFi business line, Imperium, onto Base, an Ethereum Layer-2 network created by Coinbase. This marks Imperium's first operation beyond the Ethereum mainnet.

According to Charles Allen, CEO of BTCS, 'Operating across multiple networks and assets lets us dynamically provide liquidity where volume and demand shift, and Base is our first step beyond Ethereum mainnet.'

The company reported that Imperium's assets deployed in paired liquidity pools grew from approximately $8 million at the end of the second quarter to approximately $36 million currently. This growth positions the company to exceed its $6 million gross profit target for the year.