The Base group will not chase million-dollar token pumps, says Pollak.
Responding to neighborhood issues, Base co-founder Jesse Pollak confirmed the group received’t manipulate charts behind the scenes or favor sure belongings.
He clarified that the group is not going to privately coordinate or deploy capital to push an asset’s value towards a selected end result, whereas including that such actions would drawback different belongings, be unsustainable, violate the group’s values round free and open markets, and will seemingly be unlawful.
Base Refuses to Play Favorites
In his newest tweet, Pollak stated that the group behind the Coinbase-incubated Layer 2 community will as a substitute deal with growing distribution and visibility for high-quality belongings 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 spotlight to the ecosystem.
“However base – and each market – deserves to be free, open, and truthful, 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 vital market caps. One consumer even stated that such situations should not restricted to Base and as a substitute display broader market points the place speculative meme coin tendencies 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.
Nevertheless, this wasn’t the case with most different Ethereum scaling options, equivalent 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 characteristic displaying a hypothetical “Base” token priced at $130 with a $373 billion market cap. This sparked recent hypothesis throughout the business.
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