COINBASE WALLET REBRANDS FROM BASE APP

Summary from the TLDR Crypto newsletter

Coinbase renamed its Base App to Coinbase Wallet, reserving the Base name for the L2 chain and its ecosystem as part of a stated decentralization effort. Base posted an all-time high DeFi TVL of $5.7B, holds the top position for stablecoin transfers, and leads onchain spot trading volumes for BTC and ETH. Jesse Pollak will concentrate on building Base as open financial infrastructure, while Cobie takes ownership of Coinbase Wallet as a dedicated trading product. The naming split positions Base as chain-neutral infrastructure rather than a Coinbase consumer brand, a distinction that may accelerate adoption by third-party protocols and enterprises.