Is Base "stealing" Ethereum's GDP?

The economic relationship between Ethereum and its largest L2

April 18, 2025 • Michael Nadeau

Is Base "stealing" Ethereum's GDP?

Topics Covered

The “Partnership” between Base and Ethereum
Base Economics & Onchain Data
Base Economics as a Customer of Ethereum’s “Security Franchise”
Projecting Base’s Growth & Value Accrual to ETH
Final Thoughts

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