Base’s native coin is USDC and in some ways the L2 is a vampire attack on $eth. 

Yes? No? Dumb?

icebreaker.xyz/0xen |
https://gallery.so/Oxen/galleries | https://opensea.io/collection/farcats

Idk about USDC native coin. Agree ETH isn’t needed for gas which affects value accrual but most apps and users still price assets in ETH terms

I mainly write code and read books. Sometimes I take pictures. I wish I’d write.

https://zora.co/ruhum

I think people also trade tokens to stack the native token (i.e. SOL or ETH) - even if they think about their port holdings in USD terms, they "exit" to the native token as opposed to exiting to USDC

I can only think of NFTs as something that is strictly priced in ETH. Everything else was always in $ value, no?

you can see that starting to change though. last cycle it was, 'i made 10ETH on that trade,' now it's probably I made 25k. Zora rebrands eth to sparks, and then there's warps, points meta, sol, emphasis on gasless transactions. if you're exiting a large position rn do you do so to ETH or USDC and then go earn 5% on Coinbase. 

Last cycle i was constantly topping up on ETH to pay for gas, now I, and everybody else doesn't need to. I haven't bought $eth in a long long time.