At a Glance
- Base says it will not manipulate charts or push assets for capital gains.
- The team focuses on distributing high-quality assets and apps.
- Base generated $147,000 in daily fee revenue on January 14, topping rivals.
- Why it matters: The announcement clarifies Base’s stance on market fairness amid community debate.
Base’s Stance on Market Manipulation
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Base co-founder Jesse Pollak addressed concerns on X, stating the network will not secretly coordinate or deploy capital to influence any asset’s price. He added that such actions would disadvantage other assets, be unsustainable, violate the network’s values around free and open markets, and could likely be illegal.
Pollak’s tweet emphasized that Base and every market deserve to remain free, open, and fair. He also acknowledged room for improvement in visibility and distribution efforts, promising to bring more capital and attention to the ecosystem.
Community Reaction
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The comments followed a discussion on X questioning why Base was not backing projects capable of reaching significant market caps. One user noted that these instances are not limited to Base, pointing to broader market issues where speculative meme-coin trends dominate.
Base’s Fee Revenue Highlights
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Base dominated Ethereum’s Layer 2 fee landscape after generating $147,000 in daily revenue on January 14. It accounted for close to 70% of total Ethereum Layer 2 fee revenue that day, far ahead of rivals:
| Network | Daily Revenue |
|---|---|
| Base | $147,000 |
| Arbitrum | $39,000 |
| Starknet | $9,000 |
Other scaling solutions-Linea, Optimism, Unichain, Ink, zkSync, and Scroll-struggled to generate meaningful fees, with many failing to cross the $5,000 mark.
X Platform Speculation
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Earlier this month, X product lead Nikita Bier shared a screenshot of X’s Smart Cashtags feature showing a hypothetical “Base” token priced at $130 with a $373 billion market cap. The image sparked fresh speculation across the industry about potential token launches and market impact.
Key Takeaways
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- Base commits to non-manipulative growth, focusing on quality asset distribution.
- The network’s fee revenue outpaces most competitors, indicating strong on-chain activity.
- Community and platform speculation highlight ongoing scrutiny of token economics.
- The announcement seeks to reassure users that Base will not favor any single asset or project.
For more updates on Base’s development and market positioning, stay tuned to official channels and community discussions.
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