Responding to neighborhood considerations, Base co-founder Jesse Pollak confirmed the crew gained’t manipulate charts behind the scenes or favor sure belongings.
He clarified that the crew won’t privately coordinate or deploy capital to push an asset’s value towards a particular end result, whereas including that such actions would drawback different belongings, be unsustainable, violate the crew’s values round free and open markets, and will doubtless be unlawful.
Base Refuses to Play Favorites
In his newest tweet, Pollak mentioned that the crew behind the Coinbase-incubated Layer 2 community will as an alternative deal with rising distribution and visibility for high-quality belongings and apps. He additionally acknowledged there may be room for enchancment in these efforts and mentioned they intend to usher in extra capital and a focus to the ecosystem.
“However base – and each market – deserves to be free, open, and honest, and it’s my job to make sure that stays the case.”
The feedback comply with a dialogue on X questioning why Base was not backing tasks able to reaching important market caps. One person even mentioned that such cases usually are not restricted to Base and as an alternative reveal broader market points the place speculative meme coin developments dominate.
Base’s Payment Lead
Base dominated Ethereum’s Layer 2 charge panorama after producing roughly $147,000 in every day income on January 14. It accounted for near 70% of complete Ethereum Layer 2 charge income on that day. The determine put Base far forward of rival networks, with Arbitrum bringing in about $39,000 and Starknet round $9,000 over the identical interval.
Nonetheless, this wasn’t the case with most different Ethereum scaling options, comparable to Linea, Optimism, Unichain, Ink, zkSync, and Scroll, which struggled to generate significant charges. Many even didn’t cross the $5,000 mark in the course of the day.
Earlier this month, X product lead Nikita Bier shared a screenshot of X’s Sensible Cashtags function displaying a hypothetical “Base” token priced at $130 with a $373 billion market cap. This sparked recent hypothesis throughout the trade.
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