The Base Moat

Coinbase's Base L2 is having a killer year in the spotlight as it scales out its competitive advantages. Welcome to the updated Base case.

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The case for Base has never been easier to make.

Over the past year, the chain’s seen a truly meteoric rise, pulling the most net inflows of any chain over the past year ($7.9B, with $3.3B in the last three months) — more than double the inflows of its closest rival.

It’s also sitting pretty on the revenue front, squarely in fourth place and only behind blockchains, which, at a minimum, are twice its age – all of this without handing out a token. 

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David C

Written by David C

369 Articles View all      

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.

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