@jager.base.eth
Some takeaways I have from the launch of $JESSE:
In my view, the event was quite remarkable. Whether it was intentional or not, it ended up acting as a full-blown stress test for the Base network - and the chain didn’t exactly shine under the pressure. Did you see how insane the gas fees got?
Still, compared to the apps built on Base, the blockchain itself held up relatively well:
Jesse couldn’t get a post out on the Base App in time
Farcaster crashed
Zora went offline
According to the founder, Zora completely collapsed because transaction fees skyrocketed to around $75 at peak.
On the bright side:
Base keeps showing strong activity despite the current market
Pulling off a token launch on a day like this is actually impressive
Monad’s ICO is around the corner (hopefully without delays)
On December 17, Coinbase is planning major updates - likely enabling stock trading through KB and introducing a prediction market
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