🧵 1/10
Meet Base: Coinbase’s L2 blockchain launched in 2023 to scale Ethereum. A low-cost, developer-friendly network with a wild goal—onboard 1B users to Web3. From testnet to a $1B+ TVL powerhouse, its rise is unreal. Here’s the story.

🧵 2/10
Feb 2023: Coinbase dropped Base’s testnet. Built on Optimism’s OP Stack, it promised near-zero fees and Ethereum’s security. A bold move from a crypto giant known for centralized exchanges—why go decentralized? To own the onchain future.

🧵 3/10
August 2023: Base mainnet goes live. Adoption explodes—$100M TVL in days. http://Friend.tech, a viral social app, pumps activity. X buzzes with hype. Coinbase wasn’t just playing—it was rewriting the L2 game.

🧵 4/10
Base uses Optimistic Rollups—batches transactions off-chain, settles on Ethereum. Current throughput? ~30 TPS, but 2025’s ‘flashblocks’ aim for 200ms tx speeds (2,000+ TPS). Fast, cheap, EVM-compatible. Devs love it.

🧵 6/10
But not everyone’s cheering. X critics call it a ‘centralized sequencer’—no consensus, just Coinbase’s control. Is it truly Web3, or AWS with extra steps? The debate rages as Base scales.

🧵 7/10
Q2 2025: Flashblocks roll out, slashing block times >90%. Appchains and smart wallet sub-accounts debut. Base isn’t slowing—it’s sprinting to outpace Solana, Arbitrum, even Ethereum itself.

🧵 8/10
Coinbase’s endgame? A ‘superchain’ with Optimism—interconnected L2s scaling Ethereum to billions. Base could be the onramp for normies to Web3, backed by Coinbase’s 100M+ users. Wild ambition or genius?

🧵 9/10
If Base succeeds, it’s a Web3 juggernaut—cheap txs, mass adoption, Coinbase’s empire expanded. If it fails? A cautionary tale of centralized dreams in a decentralized world. The jury’s out.

🧵 10/10
What’s your take? Base: the future of onchain or a hyped-up mirage? I’m tracking its moves—follow for updates. Drop your thoughts below!

🧵 5/10
By March 2025, Base hits $1.2B TVL, per DeFiLlama. 200+ dApps—DeFi, NFTs, gaming—thrive. Bitcoin-backed USDC loans via Morpho Labs launch in Jan ‘25. It’s not just an L2; it’s a crypto ecosystem.