Regarding Base: Apart from the speculation about "December 17th", what else can we pay attention to? Recently, there has been a lot of noise about Base. Coinbase changed its profile to "December 17th", and CEO Brian Armstrong reposted it for promotion. The market is all in a frenzy, as if issuing coins can solve everything. But besides issuing coins, the key to capturing the alpha of this cycle is to look deeper at how Coinbase turns its base into an "on chain Nasdaq". 1、 December 17th: Is it "coin issuance" or "sword display"? The last time Coinbase did this mysterious countdown was for Launchpad. This time, the community is spreading rumors that Base is issuing coins. But I noticed a more interesting detail: Jesse Pollak, the head of Base, not only recently confirmed the existence of the "Base Token", but also announced earlier that he would issue his personal token, jesse, on Base (special reminder: there are many fraudulent platforms, please only trust official sources). My judgment is that there is a high probability of significant news on December 17th, but I am more inclined towards it being more than just a simple TGE. Combining Jesse's experiment with issuing tokens and Coinbase's announcement that Base accounts support ERC-20 payment of gas fees, this may be a new paradigm release of "lowering user entry barriers+creator economy+token distribution". Coinbase's goal is not to create a new Arbitrarum or Optimism, but to bridge the last mile between the Web2 account system and Web3 liquidity. Base's true trump card: not TPS, it's' real applications' Why do I say Base may be the biggest variable in this round? Please take a look at three recent events that correspond to the three future directions of Crypto: 1. Seize the high ground of AI x Crypto (narrative layer) While other chains are still speculating on AI concept coins, Base has already run through the business. The core members of the Virtuals protocol publicly thank the Base team for their substantial technical and resource support. Aixbt, a popular AI agent, has already started working on Base through the X402 protocol. Brian Armstrong personally forwarded the AI project, indicating that Base is intentionally supporting AI agents to conduct economic activities on the chain. AI agents require a high-frequency and low-cost payment environment, and Base is becoming the preferred settlement layer for AI. 2. Wall Street's backyard (funding layer) This is a news that is easily overlooked by retail investors: Bloomberg reported that JPMorgan has launched the deposit token JPM Coin on the Base network. Don't underestimate this step. This means that Base is not only a casino for retail investors, but also a settlement channel for compliant funds. Jesse Pollak revealed that the trading volume of stablecoins on Base has reached $1.5 trillion, which is by no means a level that can be achieved by relying on local dog trading. This is a signal for institutions to enter. 3. Thoroughly restructured liquidity distribution (DeFi layer) DEX Aerodrome, the head of Base, has launched an "Aero Launch". This is not just a new platform, it allows project parties to preset token supply, and all first day transaction fees belong to LP. Through this mechanism design, issuing coins has become a service for "purchasing liquidity". The improvement of this infrastructure is healthier than simply raising coin prices. How do I view it? Regarding the current situation of Base, I have several opinions: Do not interact with junk contracts just for the sake of airdrops. The anti witch ability of Base is at the exchange level. If you want to reap the dividends of Base, it's better to study its core assets in the ecosystem, such as the liquidity layer Aerodrome or top AI projects. Pay attention to opportunities on the "application side". The Base App has launched creator tokens, with Zora providing technical support. This suggests that the next breakthrough point for Base may be SocialFi or consumer grade applications. Experiencing products is more useful than looking at candlesticks. We can look forward to a new wallet experience. Coinbase will launch a new self custodial wallet by the end of the year. For veterans, early adopters of new tools often have dividends. To sum up: The strength of Base lies in its reliance on Coinbase's vast compliance user base, which is gradually feeding AI, institutional funds, and creator economy into its belly. Whatever happens on December 17th, it's just the beginning. As investors, we should not only focus on that date, but also on the vast and real economy that Base is building. @jessepollak @brian_armstrong