I think whale capital plays a huge role in making a chain good for token speculation. Until Base gets to stage 2 I do not think you’ll see a bunch of multi-B memecoins like there are on ETH and SOL.

But when it does, so much higher

counter argument here is that Arb is stage 1 vs. Base stage 0, and speculation on Arb (so far) has been even less successful than Base. so maybe not closely correlated.

figuring out my next thing | marketing, content, growth | prev. Juicebox, Nouns, RAW DAO | casting about coffee, hi-fi, and other rabbit holes

Yea I don't know if it like scales linearly, more that there is some threshold (perhaps stage 2) that unlocks a new level of capital, which is not on any L2 yet

underneath that threshold you can use whatever GTM/marketing/brand/incentives but it won't be enough to get that next level of eth whale capital

but yea this is all theory, could be wrong.

might be as simple as base just needs more assets to speculate on