This podcast episode discusses Coinbase's involvement in the Layer 2 ecosystem through its development of Base, a Layer 2 chain built on the OP stack. It emphasizes the positive reception of Base among the Ethereum community and explores the challenges and strategies surrounding the development and launch of Base. The episode also delves into Coinbase's efforts to promote the adoption of OnChain as a new platform for upgrading the financial system and attract new developers to the blockchain space.