Unpacking the Base Narrative
Why Coinbase's homegrown L2 is an investment narrative we're tracking.
Coinbase’s breakout L2, Base, has quickly become one of the most prominent spots to be onchain this cycle, solidifying itself as one of Ethereum's most innovative corners.
Base's rise and continued development has increasingly become a hot investment narrative that's difficult to ignore.
Launched in July 2023, Base was built on the OP Stack to permit cheaper and faster Ethereum transactions, a critical feature in driving its success. Since its inception, Base has developed a vibrant ecosystem full of DeFi, NFTs, and consumer-friendly apps that’s put it at the forefront of all onchain trends. It partnered with Stripe for their upcoming stablecoin service, became a hub for launching Layer 3 (L3) solutions, and has consistently been the center of liquidity rotations that continually spark calls for “Base Season.” It has even overtaken Optimism in onchain TVL value!
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David Christopher
David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.
