Coinbase’s
$4.23B
The discussion was triggered by Jesse Pollak, the lead behind Base, who defended its focus on creators and developers, rather than traders, after a one-day token minting event caused prices to spike and then collapse.
The event involved Base’s X post on April 17 being created into a tradable token using Zora, a minting protocol. The token briefly reached a market value of $16.9 million before quickly falling by 92%. This raised concerns that the campaign encouraged hype without considering market stability.
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Alon Cohen, co-founder of Pump.fun, stated in a post on X, “Traders are easily the most important user group in crypto”. Cohen added that without market demand, creative efforts cannot last, since creators need a strong trading base to support their work.
However, Pollak stated that the project’s main focus is supporting people who build things on the platform.
In a separate post on X, he also said that he appreciates traders but sees them as part of a larger system that depends on creativity. He added that his focus will remain on helping creators and developers succeed.
Tomasz Stańczak, a co-executive director at the Ethereum Foundation, discussed plans to improve the core Ethereum network. What did he say? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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