Coinbase has introduced wrapped tokens cbDOGE and cbXRP to meet the rising demand for cross-chain functionality in DeFi. These tokens are available on the Ethereum layer-2 Base network, with Coinbase holding 1:1 reserves of the underlying assets.
The Celestia fire sparked widespread discussion about modular blockchains. In fact, modular blockchain has always been an important part of the application chain narrative and is not a new thing.