According to CoinMeta, as disclosed by Coinbase CEO Brian Armstrong, as of November 9th, the total assets deposited in the Base lending market amounted to 7.49 billion US dollars, while the total assets lent out were 2.65 billion US dollars. Over the past three months, these two indicators have increased by 28.72% and 21.71%, respectively. Brian Armstrong indicates that Base can be used for trading, payments, and lending activities.