Bankless 1 Billion Users Onchain | Jesse Pollak of Base
25 snips
May 2, 2024 Jesse Pollak, co-creator of Base and driving force behind Coinbase's L2 scaling solution, shares how they aim to onboard a billion users onto the blockchain. He discusses Base's impressive growth, scaling by 400x, and its pivotal role in making on-chain transactions more accessible. Pollak delves into reducing transaction costs, the potential for free transactions, and the decentralization debate surrounding Base. Plus, he gives a sneak peek at the exciting Onchain Summer II initiative, designed to boost community engagement and innovation.
AI Snips
Chapters
Transcript
Episode notes
Base's Growth
- Base is the largest Layer 2 by daily active users and DEX volume, surpassing other L2s and sometimes even all chains except Ethereum.
- This growth was catalyzed by Farcaster Frames and EIP-4844, significantly reducing fees and attracting developers.
Scaling Base
- Base aims to achieve one gigagas per second to address scaling challenges and meet increasing demand.
- This involves increasing data availability, optimizing EVM processing, managing state growth, and improving hardware.
Demand for Base
- Increased Base transaction volume post-EIP-4844 wasn't solely induced demand but a combination of developer interest and the launch's timing.
- Base now has more revenue-generating deployers than any other L2, surpassing Polygon POS and competing with Ethereum.