Is Base a revolutionary L2? Right now I would say no it isn’t.
The main thing it has going for it is the mighty backing of Coinbase behind it, this will likely entice developers to work with Base since it will unlock access to Coinbase’s massive existing 10 million + verified user base of non-DeFi natives and $80B+ assets in its ecosystem.
Also using Optimism’s tech stack, Base offers an EVM-like environment that gives developers a complete toolkit for developing DApps on a scalable network.
Apart from these two reasons the platform appears to just be like many other credible L2’s which benefit faster and cheaper transactions.
The biggest challenge they will face will be to build up the liquidity on the network in an already very crowded part of the space. While the liquidity is low this could limit the number of applications that are built on the Base network and reduce the network’s overall value proposition. However, if Base does manage to attract a mass of users and achieve the liquidity needed to support a wide range of Dapps the L2 becomes a lot more attractive over other L2’s out there and I will increase this rating. Show Less
