I’m not fond of @coinbase and @base’s approach—they don’t treat crypto as an industry worth nurturing and advancing, but rather as one to exploit. Just look: they’ve sold off the ETH fees generated by Base. Here’s the situation: Base sequencer generates ETH fees, but they’ve sold nearly all of them—ETH holdings remain stagnant at around 150,000 ETH. This isn’t the first time. Over the past several quarters, the pattern has been consistent: Base generates ETH for them, then they cash out. They’ve benefited from Ethereum’s users, liquidity, and ecosystem, earning substantial profits, yet at the capital level, they’ve chosen not to deeply align with ETH. For Ethereum L1, it’s time to implement a fairer fee-sharing mechanism for L2s like Base (current fees are far too low), rather than allowing them to freely ride on the security built over eleven years by countless Ethereum contributors. Ethereum ecosystem developers and users should instead support L2s like Robinhood and Lighter, rather than Base. @aerugoettinea @ethlabs_org @fundstrat @VitalikButerin @ethereumfndn @sassal0x @barnabemonnot