Coinbase Wallet just got a little easier to use for beginners.

America's largest crypto exchange Coinbase has been revamping its crypto wallet app to make it easier for users. The platform also announced a new listing and support for the Base lending protocol Seamless.

On December 12, Coinbase CEO Brian Armstrong commented on the wallet update, which now has a “simple mode” that focuses on payments.

Coinbase Crypto Wallet Simple

A prime example, Armstrong added, was USDC on Base's instant, international and free shipping.

“We're going to try this as a default mode in frontier markets to make it easier to onboard,” he said. “People can always flip when they're ready,” he added.

User experience (UX) has always been a barrier to crypto entry for the masses. Navigating exchanges, addresses, transactions, gas fees and limits and avoiding fraud is not something most people can do.

Coinbase aims to solve this by simplifying the user experience and interface.

“Even beginners can now get into crypto by focusing on essential activities like buying, sending, receiving and storing digital assets.”

Read more: Coinbase Review 2023: Best Crypto Exchange for Beginners?

On December 11, Coinbase Assets announced that it is adding support for Seamless (SEAM) on the Base network.

Moreover, SEAM is the first and currently the only base native project token that will be traded on Coinbase.

Seamless Lending and Borrowing Protocol is a layer-2 protocol base. Its main product is Integrated Liquid Markets (ILM), which has a similar concept to specific purpose loans. This week, based on their protocol activity, SEAM tokens have been seamlessly airdropped to users.

The total value locked up this month has reached more than $54 million, but most of that is likely airdrop farming.

According to Defillama, Simless is the second largest protocol on Base, with a 600% increase in TVL over the past day or so.

Base increasing L2 share

Base's DeFi TVL is currently $358 million, down 12.7% from its peak of $410 million in early September.

However, DeFi TVL is recovering and has topped $50 billion for the first time since mid-April.

Base is also the third largest layer-2 network with $639 million according to L2beat. With a market share of around 4%, Arbitrum and Optimism dominate the L2 space.

Coinbase, which has been embroiled in regulatory battles in the US, lost 5.87% on the day to $139.30 in after-hours trading. However, after rising more than 300% this year, it is a bit of a pullback.