L2 fees fell another 38% — but the user moved to Base, not Arbitrum
Cheaper fees alone do not move users. Distribution does. Coinbase's wallet stack is doing the heavy lifting.
Smart contracts, MEV, restaking, liquid staking, and the on-chain economy.
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Cheaper fees alone do not move users. Distribution does. Coinbase's wallet stack is doing the heavy lifting.
Forget the LP APR. The real yield sits in the vote-incentive market that nobody on Crypto Twitter is talking about yet.
The restaking thesis was always going to scale. The question now is who captures the spread between consensus and application security.