Responding to neighborhood considerations, Base co-founder Jesse Pollak confirmed the staff gained’t manipulate charts behind the scenes or favor sure property.
He clarified that the staff won’t privately coordinate or deploy capital to push an asset’s worth towards a particular final result, whereas including that such actions would drawback different property, be unsustainable, violate the staff’s values round free and open markets, and will possible be unlawful.
Base Refuses to Play Favorites
In his newest tweet, Pollak stated that the staff behind the Coinbase-incubated Layer 2 community will as a substitute give attention to growing distribution and visibility for high-quality property and apps. He additionally acknowledged there may be room for enchancment in these efforts and stated 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 initiatives able to reaching important market caps. One consumer even stated that such cases will not be restricted to Base and as a substitute show broader market points the place speculative meme coin developments dominate.
Base’s Price Lead
Base dominated Ethereum’s Layer 2 payment panorama after producing roughly $147,000 in every day income on January 14. It accounted for near 70% of complete Ethereum Layer 2 payment 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.
Nevertheless, this wasn’t the case with most different Ethereum scaling options, reminiscent of Linea, Optimism, Unichain, Ink, zkSync, and Scroll, which struggled to generate significant charges. Many even did not 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 characteristic displaying a hypothetical “Base” token priced at $130 with a $373 billion market cap. This sparked contemporary hypothesis throughout the trade.
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