I can increasingly see a version of Base where it's an L2 for many L1s. 

It can have native bridges on many networks (not just ETH) and then aggregate all of that activity and liquidity into a single network.

Around 85% of onchain spot Bitcoin volume is on Ethereum and L2s. 

Interestingly, L2s such as Base, Arbitrum, and Unichain all have a similar concentration of Bitcoin spot volume. All three have around 25% of their DEX volume in the Bitcoin category.

For context, 10% of https://t.co/JhQtWdTGsl

If/when BTC flips ETH on Base, is Base an Ethereum L2 or a Bitcoin L2?

Jon Charbonneau 🇺🇸

I can increasingly see a version of Base where it's an L2 for many L1s. 

It can have native bridges on many networks (not just ETH) and then aggregate all of that activity and liquidity into a single network.

https://x.com/jon_charb/status/1929937782547341781