According to @MilkRoadDaily, Base currently has about 12 million monthly active addresses, a key activity metric for Layer-2 networks (source: @MilkRoadDaily). According to @MilkRoadDaily, Alipay has approximately 1.4 billion users, underscoring a large potential onboarding pool tied to Ant Group’s ecosystem (source: @MilkRoadDaily). According to @MilkRoadDaily, if 1 percent of Alipay’s user base were onboarded to the newly launched Jovay L2, that would imply roughly 14 million users, exceeding Base’s current monthly active addresses by count if realized (source: @MilkRoadDaily). According to @MilkRoadDaily, Ant Group has announced only the launch of the Jovay L2 so far and has not disclosed a direct Alipay integration at this time (source: @MilkRoadDaily).

According to @jessepollak, Base is being built before any token exists, confirming there is currently no BASE token; source: X post by @jessepollak dated Oct 10, 2025. For traders, there is no BASE token to trade, so direct exposure routes are ETH, the native gas on Base, and ecosystem participation; source: Base documentation (ETH as gas) and the X post by @jessepollak. Base was incubated by Coinbase, meaning ecosystem growth can influence Coinbase-linked crypto activity and sentiment; source: Coinbase blog announcement of Base (Feb 2023).

According to @PolynomialFi, the platform offers zero trading fees. Source: @PolynomialFi. It supports trading using ETH, BTC, or staked assets rather than only USDC. Source: @PolynomialFi. It enables cross margin so traders can open multiple positions with the same margin. Source: @PolynomialFi. It uses hybrid execution via AMM plus an order book. Source: @PolynomialFi. It lists 70+ markets. Source: @PolynomialFi. It is secured by Ethereum through a dedicated Polynomial L2. Source: @PolynomialFi.

According to @jessepollak, he is traveling to Singapore and is seeking meetings with creators who have large audiences in Singapore, Korea, Japan, Vietnam, and China to create together and "bring the world onchain". Source: @jessepollak Jesse Pollak leads Base, an Ethereum Layer-2 network incubated by Coinbase, framing this outreach as connected to Base’s onchain adoption efforts in Asia. Source: Base official launch announcement Traders can monitor @jessepollak’s feed for collaboration announcements during the Singapore trip to assess timing and scope of any Asia-focused onchain initiatives. Source: @jessepollak

According to @jessepollak, every app on Base needs to use EIP-5792 to kill multistep approvals ASAP, indicating a leadership push to simplify transaction flows on the network. Source: https://x.com/jessepollak/status/1972097089397305633 No implementation timeline or technical details were provided beyond the urgency, framing this as a public call to action rather than a confirmed rollout. Source: https://x.com/jessepollak/status/1972097089397305633 For traders, the immediate takeaway is the stated priority to reduce approval steps across Base DApps, which could shift user experience and onboarding dynamics once projects follow through. Source: https://x.com/jessepollak/status/1972097089397305633

According to @VitalikButerin, Base operates as an Ethereum Layer 2 that leverages some centralized components for better UX while inheriting security from Ethereum’s decentralized base layer. Source: Vitalik Buterin on X. According to @VitalikButerin, Base is non-custodial under the L2Beat Stage 1 definition, meaning the operator cannot take user funds or block withdrawals. Source: Vitalik Buterin on X and L2Beat. According to @VitalikButerin, traders can verify Base’s security status and ongoing risk metrics on the L2Beat Base project page. Source: L2Beat and Vitalik Buterin on X. According to @VitalikButerin, L2Beat assesses concrete safety properties that protect users from being rugged rather than acting as a compliance authority. Source: Vitalik Buterin on X. According to @VitalikButerin, L2Beat explains that if an L2 shuts down, users can still withdraw to Ethereum L1 without the L2 operator via enforced exit mechanisms. Source: L2Beat on X linked by Vitalik Buterin. According to @VitalikButerin, a real-world example on Soneium shows how L2s mitigate operator censorship of transactions. Source: gauthamzzz on X linked by Vitalik Buterin. According to @VitalikButerin, these non-custodial guarantees and L1-controlled exits are designed to safeguard user funds, a core risk factor for capital deployment on Base and across ETH L2s. Source: Vitalik Buterin on X.

According to Coinbase, Base is exploring a token launch, a move Coinbase confirmed on Monday and characterized as a change from earlier public communications that indicated no Base token was planned. source: Coinbase; source: Base official communications Coinbase did not disclose a launch timeline, distribution approach, or token economics at the time of confirmation. source: Coinbase There is no live Base token trading at this time. source: Coinbase

According to @jessepollak, a Basecamp kickoff is scheduled for 10 a.m. ET, with no additional event details disclosed in the post (source: @jessepollak on X, Sep 15, 2025). Pollak leads Base, an Ethereum Layer 2 incubated by Coinbase, making his timeline relevant for monitoring official communications tied to Base infrastructure and ETH ecosystem activity (source: Coinbase blog Introducing Base, Feb 23, 2023). For trade planning, participants tracking the Base ecosystem can set alerts for 10 a.m. ET to catch any updates from Pollak or official Base channels during that window (source: @jessepollak on X, Sep 15, 2025).

According to @jessepollak, the author publicly asked who users are onboarding to Base today, directly encouraging community-driven user acquisition for the Base network. Source: @jessepollak on X, Sep 13, 2025. Base is an Ethereum Layer 2 incubated by Coinbase designed for low-cost, fast transactions, making onboarding activity relevant for assessing near-term on-chain usage. Source: Base official materials; Coinbase. The post includes no metrics, incentives, integrations, or timelines, so traders should not infer immediate protocol changes from this message alone. Source: @jessepollak on X, Sep 13, 2025. Given the call to onboard, traders tracking Base may monitor new wallet creation, transaction throughput, DEX volumes, and bridge flows to evaluate real-time participation before positioning within the ETH ecosystem. Source: @jessepollak on X, Sep 13, 2025.

According to @AggrNews, Upbit has announced an Ethereum Layer 2 built using the OP Stack based on newly referenced documentation, linking the development directly to the Ethereum (ETH) settlement layer and the Optimism (OP) ecosystem from a trading perspective. Source: https://twitter.com/AggrNews/status/1965204748434313669. OP Stack is the open-source rollup framework maintained by the Optimism Collective, and OP is the ecosystem’s governance token, establishing fundamental relevance for OP alongside ETH in OP Stack deployments. Sources: https://stack.optimism.io, https://community.optimism.io/docs/governance/token/. OP Stack documentation highlights standard components such as canonical bridges and sequencers that govern deposits, withdrawals, and throughput design, which are the core integration points for any new L2 built on this stack. Source: https://docs.optimism.io/stack/overview

According to @VitalikButerin on X on Sep 5, 2025, cheap stablecoin transactions remain one of the most important sources of large-scale value in crypto, underscoring their priority for users and builders. According to @VitalikButerin on X on Sep 5, 2025, he welcomed Codex PBC as a new Ethereum L2 that is explicitly thinking about synergy with Ethereum L1 from day one. Based on @VitalikButerin's post on X on Sep 5, 2025, traders focused on ETH can monitor stablecoin transfer costs on L2s and the Codex PBC rollout as signals aligned with this emphasis on low-fee usage and L1-L2 coordination.

According to @cas_abbe, Ethereum Layer 2s and infrastructure remain undervalued and the ETH ETF is only the first catalyst, with smart money rotating next into ETH infra plays, L2s, and ecosystem low caps (source: @cas_abbe). For traders, the proposed positioning is an L2 rotation and selective accumulation across ETH infrastructure and ETH ecosystem low caps to capture the next leg of flow-driven performance (source: @cas_abbe).

According to @Celo, the network has migrated to an Ethereum Layer 2 and reports that everyday usage has been bolstered by a robust ecosystem of global, real-world applications, source: @Celo (X, Aug 20, 2025). According to @Celo, the Celo Foundation has appointed Elizabeth Peng, previously Head of Marketing and Communications, as Chief Operating Officer, source: @Celo (X, Aug 20, 2025).

According to @MilkRoadDaily, a new thread highlights “everything exciting happening on Base,” signaling focused coverage on the Ethereum L2 ecosystem and related market activity (source: @MilkRoadDaily). Traders can prioritize monitoring Base bridge inflows from ETH to track fresh capital entering the network, which directly informs near-term liquidity conditions on Base (source: @MilkRoadDaily). Monitoring Base DEX trading volumes and liquidity depth can help gauge execution quality and potential volatility around Base-native markets (source: @MilkRoadDaily). Tracking active addresses, transaction counts, and gas usage on Base can validate participation momentum and identify potential breakouts or cool-offs across the Base ecosystem (source: @MilkRoadDaily).

According to @jessepollak, basenames will now work everywhere and are being pushed forward using open standards like ENS Domains to power the global Base economy, source: @jessepollak on X, Aug 16, 2025. According to ENS Domains, ENS is a widely adopted Ethereum naming standard used across major wallets and dapps, enabling names to resolve consistently in integrated applications, source: ENS Domains documentation. According to Base, Base is an Ethereum Layer 2 built for mainstream onchain applications, and broader name-resolution support can streamline user onboarding and transaction flows on Base that traders monitor via official network usage data, source: Base official documentation. For trading, monitor official announcements and on-chain metrics tied to ENS (ENS) adoption and ETH activity on Base as this rollout is implemented to validate market impact, source: @jessepollak on X and ENS Domains announcements.

According to @jessepollak, he published a thread titled "what we've learned 5 weeks into the @baseapp" summarizing takeaways from the first five weeks of the Base app on Aug 15, 2025. Source: @jessepollak on X, Aug 15, 2025. For trading workflows, treat this as an information release from a core Base builder and review the linked thread to extract any disclosed usage metrics, product changes, or roadmap notes to update assumptions about Base network activity and ETH usage on Base. Source: @jessepollak on X, Aug 15, 2025.

According to @alice_und_bob, the Ethereum L2 thesis is not dead and the market will see hundreds of private and public L1s and L2s, shaping how users and liquidity are distributed across chains. According to @alice_und_bob, there will not be a single winning architecture for scaling, making interoperability the decisive factor for value capture and execution quality across ETH-linked ecosystems. According to @alice_und_bob, this outlook makes cross-chain interoperability and liquidity routing the core trading focus for positioning across ETH L2s and alternative L1s.

According to @milesdeutscher, multiple corporate chains are launching, including Stable and Plasma by Tether/Bitfinex, Arc by Circle, Tempo backed by Stripe/Paradigm, and Robinhood L2 by Robinhood; this expands blockspace supply, per the post, and raises competitive pressure questions for Ethereum’s scaling stack, source: @milesdeutscher (X, Aug 13, 2025). The post states there is no blockspace shortage anymore and explicitly questions whether this threatens the $ETH/L2 moat, which is a key sentiment driver for ETH and L2 tokens, source: @milesdeutscher (X, Aug 13, 2025). Trading takeaway: monitor relative performance of $ETH versus major L2 tokens, plus L2 fee revenue, sequencer activity, and TVL migration, as corporate blockspace narratives can shift demand between Ethereum rollups and new corporate networks, based on the launches noted by the source: @milesdeutscher (X, Aug 13, 2025). Headline risk is elevated for Ethereum-scaling assets if corporate chains attract users or stablecoin flows, so watch liquidity and spreads around related tickers during announcements, with this risk framing derived from the source’s list of new corporate networks: @milesdeutscher (X, Aug 13, 2025).

According to @alice_und_bob, Layer 2 networks have built a bad reputation and the author shared a link to reasons supporting that view, highlighting reputational risks that traders should review when evaluating L2-related tokens and ecosystems. Source: https://twitter.com/alice_und_bob/status/1955412890615414785

According to @pedrouid, Stripe and Circle are advancing onchain payments but should launch an Ethereum Layer-2 instead of building new Layer-1 chains to scale payments on-chain (Source: Pedro Gomes @pedrouid on X, Aug 12, 2025). The post explicitly questions the need for Stripe’s Tempo and Circle’s Arc to be L1 chains in 2025, signaling a preference for ETH-centric scaling via L2s (Source: Pedro Gomes @pedrouid on X, Aug 12, 2025). For traders, this stance highlights potential narrative strength for ETH and the Ethereum L2 stack over new L1 payment chains, which can influence where liquidity and developer attention concentrate in the near term (Source: Pedro Gomes @pedrouid on X, Aug 12, 2025).