Coinbase's BOLDEST Bet Is Paying Off Big Time

While it's still early in the race, Base is now one of Ethereum’s largest L2s.
In today’s episode, we brought back on repeat guest and co-creator of Coinbase’s L2, Base, Jesse Pollak.
We cover:
- How Base plans to bring billions of users onchain
- How Base is increasing its scale by 400x
- How Coinbase is using Base to be more onchain
- Onchain Summer II
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TIMESTAMPS
0:00 Intro
4:41 Base’s First 8 Months
9:23 The Road to 1 Giga Gas Per Second
18:39 Why More Demand For Base?
21:26 Cost to Send Transactions on Base
23:59 Non-Ethereum DA Solution?
25:59 Scaling Via L3s on Base?
27:17 Parallelization Solution?
29:34 Will Base Make Transactions Free?
38:18 Coinbase's Relationship With Base
46:18 Base Is Centralized Critique
50:17 The Base Flywheel
57:46 Onchain Summer II
58:36 Next Target Demo to Come Onchain
1:00:42 Base Independence
1:02:19 1 Billion People Onchain
1:03:25 Closing & Disclosures
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RESOURCES
Onchain Summer II
www.base.org/
Jesse Pollak
/ jessepollak
Jesse’s 1st Base Episode
• Coinbase's 'Base' Powe...
Coinbase
/ coinbase
Base
/ base
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Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures

[@Bankless]

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[@EmanuelAmbriz-ml4nk]

Watching the crypto market's ups and downs shows how quickly things can change. In crypto, strategic, informed trading isn't a choice; it's a must. Remember, caution is as crucial as ambition here. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 1.2Biitcoin to a decent 11.4Biitcoin... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...

[@PatchettStalls]

I appreciate the professionalism and dedication of the team behind Kerrie’s trade signal service...

[@CsokiBabi]

As a beginner, it's essential for you to have a mentor to keep you accountable..

[@TedStalets]

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this...

[@Jovenoli]

The internet is filled with so many useful information about Kerrie Farrell crypto....

[@KellarHalen]

Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate....

[@roning622]

Hot Take: Jesse may be the most important person in the Ethereum ecosystem.

[@Crypto_Bird]

I love centralized layer 2's, Pump it!

[@user-ow3nx1ui7n]

Can anyone explain AMS99T?

[@EGLately]

Yes it's a scam token 😊

[@yes2crypto]

Really like all the interviews Jesse is doing to spread not just awareness but education about L2/L3 challenges and goals. Also very nice to see him at FarCon!

[@EGLately]

I don't know how anyone can listen to Jesse and Not be overwhelmingly bullish about base. You can see just how excited he is about what he's working on and he is excited to share it and where it's going. I'm all in on base and Solana this bull run! Let's go!

[@sukhtatla]

Buy as much $AERO as you can…$40 by EOY is programmed

[@RSkyCar]

Hello everyone! Jesse's optimism is contagious, making it seem logical to designate the OP token as a native token of the Base. Best regards!

[@KylanHurt]

Is it? I love the optimism but he's gotta take a chill pill. Sounds like Oprah "you'll be on chain, and they'll be on chain, and I'll be on chain... we'll all be on chain!"

[@pimpingkek4947]

As a Hawaii resident, Coinbase closed my account in 2016. I don't see a future for BASE as a currency that doesn't involve the people of Hawaii. I'd be bearish.

[@GatalGoreng69]

$AERO will melt faces, just like $BOOMER! Both will be Base's best projects mark my words.

[@edthemercenary]

5 mins of ads is crazy

[@glowlog]

this video is a 1 hour ad

[@elysiumboats]

I mean I tap my thumb like 5 times and it turns 5 minutes into 5 seconds. What are you complaining about? Do you have fat, heavy, uncoordinated thumbs?

[@dexterous187]

​@glowlog yes, but if you own Ethereum you can own part of the ad revenue.

[@glowlog]

@@dexterous187 ​ @clockingbruno9531 1 hour ad for centralized l2 that still has not revoked admin keys and has centralized backdoors in place. Praising Ethereum for decentralization is one thing, but until a L2 fully decentralizes, hard pass.

[@ManateeMilk]

This is amazing

[@lherfel]

great job Gentlemen

[@Barone2013]

Binance already did this with the Binance smart chart chain years ago. 2024 Coinbase is doing so with base Bybit is doing so with mantle Metamask is doing so with linea Basically, all trying to make money with an ETH layer 2. Nothing new here

[@rivianado8430]

based Jesse.

[@Tales_From_The_Crypto]

$Boomer On Base 🚀🌖

[@alexg5460]

Edward Snowden just tweeted 2 hours ago that bitcoin privacy needs to be on the protocol level and apparently it’s not happening fast enough , might be bullish for ETH longterm? If Bitcoin fails everyone might sell into ethereum potentially?

[@4d-zi2ck]

Most are selling ethereum for solana

[@elysiumboats]

@@4d-zi2ckMarket participants aren’t equal. Buyers of Solana are not equal to buyers of Ethereum and its Layer 2’s. While both might have some product market fit, there are key differences in development ecosystems, investment time horizons, and decentralization. Question is do you want to gamble, or do you want to invest.

[@BillionMoonshots]

based

[@rontman]

WAGMI

[@dustinfocus]

the recovery of assets by Genesis is happening, as said, June.

[@libo8318]

It’s cuz $NPC on base and Elon Must repetitively mentioning about NPS stuff😂

[@DonteeWeaver]

👀

[@PaddlePartner]

AERO If your not holding it You dont get it!

[@Barone2013]

Farcaster charges fees, it is expensive

[@elysiumboats]

lol it’s free bro

[@KylanHurt]

They need a web app version

[@ArtQiv]

LETS GOOOOOO! BUILD ON BASE

[@4d-zi2ck]

How much valuable brainpower needs to be wasted before the L2 thesis goes in the garbage

[@PatrickAyelle]

Jessie is starting to talk a lot like Brian… I bet he is a direct report to Brian. Edit: Actually he answered the question at the end. He does report directly to Brian.

[@Metacognition88]

Brett will flip Bitcoin.

[@mr_c_sports]

EPIC Ride draws into the Kentucky Derby!!! #20 (EPIC CASH)

[@tkolemamo]

Hey $Boomer

[@Kosssam]

"this has been a blast" what a comment at the end! Why?! ;)