Base Refutes ETH Selloff Claims, Affirms Commitment to Ethereum Ecosystem

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Base denies allegations of selling ETH sequencer fees

Andre Cronje, co-founder of Sonic Labs (a blockchain competitor to Base), questioned how Base as a Layer 2 could be considered 'Ethereum aligned' when the fees generated were not kept on-chain for the benefit of the network or its users

Santisa, a member of Lucidity Cap, claimed that Base had been sending all its sequencer fees to Coinbase since launch. He added that while it was unclear whether Coinbase sold the funds, the fact that they were not used on Base or kept on-chain raised concerns