🥛 HYPE could rival ETH ⚔️

Here’s a taste of this week’s menu:

• 🔥 Ethereum and Base are NOT AT WAR.
• 🥵 Every company will have its own chain.
• 🌶️ Galaxy has a secret money printer.

HOT TAKES OF THE WEEK 🔥

Base and Ethereum aren't getting divorced 💔

Crypto Twitter is at odds yet again over a technical detail regarding account abstraction, the technology that enables the building of Web2-like user account management systems for Web3.

Binji (Founding Member at Ethlabs) is pushing back against the drama after Ethereum and Base gave up on building a shared account-abstraction standard.

His take is that Facebook building its own website doesn't mean it has divorced itself from the internet. His analogy: Ethereum is New York, and if every neighborhood were Tribeca, he'd never go.

Plus, Base has billions in ETH sitting on it and is consuming blobs "like nobody's business."

🎙️ Listen to the full episode here.

Every company gets a chain 🔗

Karl Floersch (Co-founder & CTO of OP Labs) says we're heading to a world of a million chains, where every company has one, just as every company ended up with a website.

More than 50 organizations are already running L2s on the OP Stack, and they processed ~6B transactions last year.

He says we’re still early, with less than 1% of the global financial system onchain.