Base

Base Earned $2.5M in User Fees in August, Paid Only $11K for Settling Data on Ethereum

The parasitic nature of Layer 2 (L2) solutions on Ethereum is becoming more apparent, especially as Coinbase pushes its users to adopt Base, extracting pure profit. This raises concerns about Ethereum's emission model, potentially affecting its long-term sustainability.

Base Earned $2.5M in User Fees in August, Paid Only $11K for Settling Data on Ethereum

The parasitic nature of Layer 2 (L2) solutions on Ethereum is becoming more apparent, especially as Coinbase pushes its users to adopt Base, extracting pure profit. This raises concerns about Ethereum's emission model, potentially affecting its long-term sustainability.

https://x.com/WazzCrypto/status/1830955593018024430

It's concerning to see L2 solutions like Base profiting from user fees while passing on minimal costs to Ethereum. This highlights the need for a more equitable emission model to ensure Ethereum's long-term viability.