Yesterday, there was a big incident with Native Crypto where @ base's flag bearer became two people. @Jessepollak handed over the Base APP to veteran @ bie and focused on leading and developing the Base infrastructure (chain layer) on his own. I have always had a bit of mixed feelings towards Jesse, but seeing him write a long reflection tweet is still quite touching. Objectively speaking, as the leader of L2, he is quite impressive. In his hands, @ base has rapidly risen, leading or ranking among the top L2 in terms of user numbers, trading volume, and DEX trading volume multiple times. TVL has surpassed billions of dollars, with a huge amount of stablecoin settlements (exceeding $19 trillion by 2026), and substantial progress in DeFi (such as Aerodrome), payments, and tokenization. In terms of retail appeal, star projects occasionally appear on the Base chain, from the Solana: 3iQL8BFS2vE7mw4ehAqQHAsbmRNCrPxizWAT2Zfyr9y series to Degen to VVV, all bringing opportunities for sudden wealth. But Base also has many regrettable aspects, which Jesse candidly admitted in his own long article. For example, betting heavily on the on chain native social track (Farcaster, Zora, miniapps, creator coins, etc.), but none of them survived and were completely falsified and failed. According to his words, the result was' disintegrated completely ', causing Q1 2026 to be like' punch in the face ', missing out on key tracks such as Perps, market forecasting, enterprise level tokenization, and payments. In addition, it is not wise to support junk meme coins during the attempt to develop meme, which has hurt many retail investors. At least I was extremely disappointed with Jesse during that time when he was promoting memes in Chinese and couldn't do it. Now he has finally chosen to publicly admit his mistake, shift his strategy, and divide roles, actively handing over the App product to a more suitable person. This is a relatively mature organizational adjustment. @Cobie's previous experience in successfully developing Echo products has enabled him to excel in creating user-friendly onchain tools, while his long-standing podcast background has made him skilled in communication and community building. He is more down-to-earth and will indeed be more suitable for driving the Base App to iterate towards a "truly user-friendly" direction. Although I am mainly a fan of @ BNBCHAINZH, I still really hope to see other chains survive the bear market and continue to evolve and transform, after all, letting a hundred flowers bloom and a hundred schools of thought contend means more opportunities and greater liquidity for retail investors. Nowadays, many L1 and L2 games are either non-existent or simply mediocre, but players with true substance and strength will not lie flat. When the next bull market comes, the players left in the market will be stronger and healthier, which is good for the crypto industry. Good Luck @jessepollak @cobie @base