Coinbase’s earnings seem to show that crypto is ready for a bull market, if it’s not in one currently. 

The company impressed Wall Street with its earnings on Thursday, posting beats across the board.

Coinbase also reported that Base was continuing to see adoption. 

“We are seeing early product market fit with Base, our layer-2 solution, where developer activity has surged and Base has processed over 2x more transactions than Ethereum in the last 30 days,” Coinbase said in its earnings letter. 

Stablecoin revenue also jumped 15% quarter over quarter to $197 million. 

“The primary driver was higher USDC market capitalization, which is the total amount of USDC in…

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