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Insights on the Base Protocol and its Potential Impact
Base, as an Ethereum Layer 2 protocol backed by Coinbase, has the potential to leverage the commoditization of technology and focus on distribution to gain a competitive edge. Its integration into the Coinbase ecosystem could position Coinbase as a gateway for Web3, allowing it to sustain revenue through convenience and seamless asset trading, despite potentially charging above average fees. Additionally, the security of storage provided by Coinbase enhances its appeal as a chosen exchange for storing assets.