Coinbase Sees $500M On-Chain Yield Deposits on Base

Coinbase has made significant strides in its on-chain yield deposits, particularly through its partnership with Base. This move has allowed customers to earn seamless returns of up to 7%.

The total value of Coinbase Lend deposits powered by Morpho has surpassed $500 million, marking a rapid adoption rate within the Base ecosystem over the past year.

The growing popularity of Base-driven liquidity is also being reflected in Ethereum price prediction models. At the current price of $2503, analysts are factoring in support from both the 50-day EMA ($2428.87) and the 200-day EMA ($2216.5), which suggests a bullish trend.

The MACD golden cross at -0.34 confirms momentum, while the price tests upper Bollinger resistance at $2519.13. This is indicative of a measured pullback towards the 50-EMA before potential continuation.