Coinbase's Base blockchain resumes after two-hour outage disrupted network

60-second summary

Coinbase's Base blockchain is currently resuming operations after a two-hour outage disrupted the network, temporarily halting transaction processing on one of Ethereum's largest layer-2 networks. The incident affected users and developers relying on Base for fast and low-cost transactions. Market implications remain unclear, but the outage may impact Base's growing user base.