Robinhood tackled Coinbase head-on then immediately inherited Bases biggest problem
Coinbase is reshaping its Ethereum layer-2 network, Base, around trading, payments and tokenized assets as Robinhoods new blockchain rapidly gains users and liquidity in many of the same markets. On July 15, Base creator Jesse Pollak acknowledged that the network‘s earlier emphasis on social products had allowed it to lose ground in several of crypto’s fastest-growing financial categories. Pollak wrote on X: “The entire social side of the market that many of us had been building towards — Farcaster, Zora, mini apps, and yes, creator coins — disintegrated completely.” Base will now concentrate on trading, payments and tokenized assets, bringing Coinbase into closer competition with companies building blockchain infrastructure for financial settlement. Pollak identified Robinhood and Stripe as formidable rivals as both expand their roles in tokenization and stablecoin payments. Base loses ground during its social push Over the past years, Base had bet that Farcaster, Zora, mini apps and creator coins could form the foundation of a consumer-focused crypto economy. The strategy sought to turn posts, profiles and other online content into tradable assets, allowing creators to develop direct financial relationships with their audiences. The model initially generated substantial activity. At its peak, Base became the leading blockchain for daily token launches, briefly overtaking Solana for the first









