Phyrex|Apr 03, 2026 18:04
Pretty well-written. My understanding of Base isn’t very deep, mainly because there’s very little 'innovation' in public chains these days. Most of the time, it’s just about redeploying the most successful DeFi projects from the original ETH onto the chain, and then calling it 'impressive.' But this so-called impressiveness is often self-proclaimed. Whether users will actually use it, and why they would use it, hasn’t been carefully thought through.
This is essentially a kind of 'lazy governance.' For a public chain to attract users, it’s not just about being faster, having higher TPS, or cheaper Gas fees. It’s about offering users opportunities to profit or something truly innovative. Especially in the crypto space, it’s either about facilitating trading or generating returns. Otherwise, why would users bother?
Like I said at the beginning, what’s the point of just porting Ethereum protocols over? Why would users move their assets from ETH to your chain? Are you more secure? Do you offer higher returns? If none of these apply and it’s just another generic cross-chain asset, how can you spark user interest?
Innovation is definitely hard, but it’s also the core of public chain competition right now. Without users, where does revenue come from? Why would users transfer or trade assets on your chain? Many public chains think having their own DEX or PerpDex is enough, but that’s not right. The key is: what unique assets do you have that can drive users to trade?
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