According to @jessepollak, Base app teams are working together in-person during a New York City surge, as shown in his Dec 2, 2025 post on X; the post does not announce any product releases or timelines (source: @jessepollak on X, Dec 2, 2025). Base is an Ethereum Layer 2 incubated by Coinbase, and gas fees on Base are paid in ETH, meaning network activity on Base is settled in ETH and affects the Base ecosystem’s throughput rather than a native L2 token (sources: Base official documentation; Coinbase announcement Introducing Base). For trading relevance, the immediate, verifiable signal is team co-location and coordination; traders can monitor ETH spot and derivatives, Base ecosystem apps and tokens, and COIN equity as corporate exposure to Base, using official announcements and on-chain metrics such as daily transactions and TVL for confirmation (sources: Base blog and updates; BaseScan explorer; L2Beat dashboards; Coinbase investor materials).