Sassal.eth 🎩⛽
@sassal.eth
I still think a lot of people are underestimating how many new users Coinbase is going to bring onchain with Base. I like to think of Base as Coinbase's (better) version of Binance Smart Chain (BSC) and we all know how much activity BSC saw during the bull & how that activity has sustained itself in the bear as well.
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Sheldon Trotman
@sheldon
I do wonder how this will impact the TVL distribution and by extension defi across L2s. Do you think it will pull a meaningful percentage of assets there to have a vibrant defi ecosystem or do you think it’ll be more consumer facing (with gaming and such)?
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Sassal.eth 🎩⛽
@sassal.eth
I don't think games are going to take off on rollups b/c even though rollups are cheap (and will get much cheaper over time), something like a Validium (where data is stored off-chain) is much cheaper and better suited for gaming. So I think Base is much more likely to have a vibrant DeFi ecosystem than anything else.
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Sheldon Trotman
@sheldon
Very true point that gaming will thrive going for an ImmutableX validium or Arbitrum Nova vs the OP stack Base flavor of deployment. Related q: with AA and intent-based architectures taking off, doesnt that mean that while Base is the starting point, users wouldnt be as sticky as compared to a BSC which started prior?
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Sassal.eth 🎩⛽
@sassal.eth
I think stickyness is more a function of what there is to do on each chain. A lot of what's on BSC is just copycats/forks of projects on Ethereum and there really isn't much innovation at all - it's a "casino chain". I expect Base to be distinctly different to this with actual innovative apps being built on it.
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Sheldon Trotman
@sheldon
I’m def interested to see what crops up because right now (outside of mainnet) pretty much all defi activity happens on Polygon and Arbitrum (by a big margin) then Optimism. It’ll be an uphill battle that not even Optimism cracked. I’m bullish on Base and the influx of users from CB, can’t argue with 100M KYCd
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Sassal.eth 🎩⛽
@sassal.eth
OP Mainnet isn't too far behind these days but yeah, Arbitrum One and the Polygon PoS chain are the most dominant in the Ethereum ecosystem.
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Sheldon Trotman
@sheldon
It’s kind of funny to see that if even just 1% of the total 100M KYC user base converts into Base DAUs, it’ll put Base as the second most used blockchain. Also the entire crypto active base is barely scraping 2M so Base would effectively be a third of crypto 😂. TVL and vol take a bit more time/lindy but still
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