My quick take on why Base by Coinbase might actually be the thing!

iirc, they have their own scaled version of an orderbook for eth, allowing for txn to be onchain, but optimized to reduce gas fees, they can better compress the margin and offer a more affordable building platform. 

if yes, brilliant!

head down for a bit, a lot of work to do. /grey "World Builder"

But why not just create their own chain on Cosmos?

@base builder #001; onchain cities w/ OAK & city3

Co-Founder & CTO https://monitor.completionhq.com/

From what @jessepollak said in an interview they don’t want to be like Binance off in their own part of the crypto ecosystem. They want to be more plugged into Ethereum and act as the “gateway to crypto”. 

Also on Cosmos they would need their own security model. As a L2, Base gets the settlement guarantees of Ethereum

Founder. Builder. Advisor | MIT EECS | Blockchain dev since 2016 | Daily thoughts streamed: /lostfounder

though to be clear, I love cosmos, have been inspired by the entire ecosystem, and am excited to build deep interoperability through tools like IBC