This podcast episode explores the journey of Base in Q1, from its launch to becoming the largest Layer 2 network in the world. It discusses the challenges in scaling Ethereum Layer 1 and the importance of addressing these challenges. The conversation also highlights the value of decentralization and open source in the development of the network. It delves into the significance of scalability in blockchain networks, particularly focusing on Ethereum Layer 2 solutions. The episode also discusses efforts to accelerate the gasless experience for users in the blockchain space. Additionally, it explores Coinbase's move towards the onchain economy and its benefits. The episode concludes by discussing the opportunities and benefits of bringing users, assets, and products onchain and emphasizes the commitment to technical decentralization and building a decentralized global economy.