According to @jessepollak, recent activities on BaseApp, Zora, and DeFi protocols such as MoonwellDeFi and MorphoLabs demonstrate the increasing utility of cryptocurrencies for real-world payments and yield generation. The use of USDC for direct payments and the ability to earn yield through DeFi platforms are highlighted, signaling growing adoption that could impact trading volumes and liquidity for related tokens. These developments provide traders with new opportunities to track token flows and capitalize on emerging on-chain use cases (source: @jessepollak).

According to @jessepollak, XRP holders can now put their XRP on Coinbase, withdraw as cbXRP on Base, and borrow against it for USDC on MoonwellDeFi. This marks the first fully onchain, scalable, and permissionless way to leverage XRP as collateral, unlocking new trading and DeFi strategies for the XRPArmy. The ability to borrow USDC against XRP positions on-chain expands liquidity options and may impact XRP price volatility and DeFi market participation. Source: @jessepollak on Twitter.

According to IntoTheBlock, MoonwellDeFi, one of the earliest lending protocols on Base, is pivotal in the ecosystem by offering markets for significant native assets on Base and collaborating with MorphoLabs for custom markets. Its innovative approach and key role make it a crucial protocol for traders to monitor with IntoTheBlock's Risk Pulse assessment.

According to @intotheblock, cbBTC, the wrapped Bitcoin on Ethereum and Base by Coinbase, is now trackable through their risk analytics for MoonwellDeFi. Currently, there are 39 cbBTC supplied, primarily utilized for borrowing USDC. This new feature allows traders to monitor liquidity movements and utilization effectively.