@stephen73432.base.eth
🔵📊 How does
@base
stack up against other L2s?
1. Founded → note that as an L2 team, Base is “2-3” years behind others
2. Labs entity → a startup within a publicly listed crypto company
3. Core developers → lean, albeit rapidly growing team
4. L2 category → OP Stack & Superchain
5. TVL (in apps, total, and utilization) → big picture: ~6 months live, CB has $200B of user assets to bring onchain
6. Apps on platform → 2nd only after Arbitrum
7. DEX volume → big picture: CB quarterly trading volume ~$150B
8. Stablecoin supply → big picture: CB &
@circle
USDC partnership
9. MAUs →
@CoinbaseWallet
UX could increase user adoption
10. Transaction fee revenue → still small in the context of CB
11. User retention → ⅓ of new users come back to Base after 1 month
12. Market cap → potential to be a meaningful contribution to CB’s business