PANews reported on June 5 that according to The Block, Base, the Ethereum Layer 2 network developed by Coinbase, announced the hiring of seven new "country heads" covering Argentina, Brazil, Central America, the United Kingdom, Europe, Singapore, South Korea and West Africa to promote the development of local on-chain ecosystems and user community building. Base is also continuing to recruit in Germany, Indonesia, Mexico, Turkey and the UAE. Base's goals this year include promoting $100 billion in on-chain assets, attracting 25,000 developers and 25 million users. Q1 transaction volume increased by 16% month-on-month, and TVL exceeded $5 billion.