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Coinbase CEO Brian Armstrong announced their plans to integrate with Solana (SOL) to achieve their goal of conducting transactions “under a second and a cent.”
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Armstrong aims to accelerate their platform by integrating into fast layer-1 networks like Bitcoin’s Lightning and Solana. However, he emphasized that there is no plan to issue a token for the company’s layer-2 network, Base.
Coinbase is in the effort of integrating its Base network with various applications and it is stated that developers are excited about working with layer 2. Armstrong noted that improvements need to be made on the Base network to reach the goal of average transactions “under a second and a cent.”
The Solana integration of Coinbase and its targets reflect the company’s efforts to make crypto transactions faster and more efficient. These steps can be seen as part of Coinbase’s strategy to increase its competitive advantage and optimize the user experience.
The company’s focus on layer-2 solutions and improving the Base network aims to further optimize the user experience.
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