- Base prioritizes user-focused solutions over token issuance for sustainable growth.
- Base achieved top Ethereum layer 2 status with record transaction peaks and TVL.
As a seasoned crypto investor with years of experience navigating the volatile digital asset market, I find Base’s approach to be refreshingly different and incredibly promising. Jesse Pollak’s emphasis on user-centric solutions and problem-solving over token issuance resonates deeply with me, especially after witnessing numerous projects that prioritize profit over people.
According to a recent announcement, Jesse Pollak, founder of Base, confirmed that they currently do not intend to launch their own native cryptocurrency or token.
On social media platform X, Pollak stressed that it’s more crucial to focus on enhancing user experience and solving problems rather than simply distributing tokens.
Using the Hyperliquid project as an illustration, he emphasized that concentrating on crafting a product that people truly cherish, before adding intricacies like pricing structures, is a path to achieving lasting success.
Remarking on the same, Pollak said,
With @base, we’ve found that not starting with a predefined initial state helps us concentrate on tackling genuine issues. This approach also ensures that we must consistently demonstrate its value each day.
Base Chain founder’s bold approach
In other words, Jesse Pollak highlighted that Hyperliquid’s strategy isn’t unique; instead, it’s a recurring pattern observed in many thriving startups over time.
He stressed that the ultimate priority for any project should be building a world-class product that resonates deeply with users.
He further added,
Lastly, let me clarify that at this moment, we do not have any plans for a base network token. Our primary focus is on construction, striving to address genuine issues that aid in creating more effectively. I welcome your thoughts on how we might improve further.
Base’s growth so far
Regardless of not issuing its own token, Base has managed impressive progress, firmly establishing itself as a key player within the Ethereum [ETH] layer 2 ecosystem.
The platform’s attempts at space dominance have been fruitful, as it has managed to secure the top spot in terms of Total Value Locked (TVL), making it the leading Ethereum layer 2 solution.
To build upon our recent success, Base reached a record number of transactions on November 26th, totaling an astounding 9.32 million.
As a dedicated analyst, I can’t help but admire the unyielding drive for expansion that this network exhibits. Each milestone serves as a testament to their ambition to strengthen their position and maintain their competitive edge within the dynamic world of blockchain technology.
In November 2024, Base reached its highest level of use and acceptance within the network, securing its position as a leading innovator in Ethereum layer 2 technologies.
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2024-12-02 14:15