# Tso Thoughts | Sep 2024,  ᔑᑌᗰᗰEᖇ ᑎEᐯEᖇ Eᑎᗪᔑ

**Published by:** [Tso Thoughts](https://paragraph.com/@cryptso/)
**Published on:** 2024-10-10
**URL:** https://paragraph.com/@cryptso/summer-never-ends

## Content

Welcome to the Tso Thoughts newsletter! Every month, I curate my best thoughts, ideas, and observations on crypto and the industry at large.cbBTC David Tso (dave.base.eth) 🛡️ @davidtsocy 376 9:18 AM • Sep 11, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy cbBTC is now on @base ₿ased 98 8:41 AM • Sep 12, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy cbBTC allows BTC to be freely used on the fastest growing onchain economy – @base This unlocks so many use cases for BTC with hundreds of apps on Base and faster and cheaper transactions And we’re only getting started… this is how we’re bringing the next billion people onchain Base @base We're building a Bitcoin economy on Base That starts today with cbBTC — the easy, secure way to use your Bitcoin in the global onchain economy 14 12:53 PM • Sep 12, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Yup! On @base, your BTC will show up as cbBTC To get back to BTC, simply send your cbBTC back to your @coinbase account rb3k 💹🧲 @rbthreek Wow so you can transfer $BTC from your @coinbase account to an ethereum address and it will automatically convert the bitcoin into $cbBTC Can use $cbBTC on @base dapps like @AerodromeFi and @MoonwellDeFi Frictionless borrowing against your $btc onchain Base liquidity unlock 73 3:50 PM • Sep 12, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy cbBTC has 1:1 fungibility with BTC on @coinbase This means that the $137B+ BTC held by Coinbase users can now go onchain to securely access DeFi apps on @base Laura Shin @laurashin "Bitcoin is the granddaddy of all crypto assets," says Will Robinson, VP of engineering at Coinbase. @willrobinson23 explains why Coinbase launched cbBTC, aiming to bring Bitcoin to DeFi. Listen now: bit.ly/3MK9WeJ 59 1:30 PM • Sep 13, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy The Bitcoin economy on @base is at: - $100M in total market cap - $225M in 24-hour transfer volume - $25M in daily DEX trading volume led by @AerodromeFi Follow cbBTC’s growth on @dune dune.com Coinbase Wrapped BTC (cbBTC) Free crypto analytics by and for the community. Access crypto data tools and blockchain analytics with 700,000+ dashboards covering DeFi, NFTs, and onchain data. Track meme coin metrics, DEX analys... 124 8:26 AM • Sep 16, 2024 Tweets of the Month David Tso (dave.base.eth) 🛡️ @davidtsocy Onchain Summer Onchain Fall Onchain Winter Onchain Spring Every season is onchain on @base 160 1:23 PM • Sep 1, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy The @base builder mentality: 1. Build incredible UX 2. Create real onchain utility 3. Collaborate in positive sum ways What am I missing? 171 8:30 AM • Sep 4, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Base is built on Ethereum Base is a part of Ethereum Base is expanding Ethereum 556 7:12 AM • Sep 6, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Come earn weekly UBI (Universal Builder Income) on @base Rounds @roundswtf Earn ETH for posting what you've built on Base this week! Share a post with what you've built this week on Base using the hashtag #basebuilds to be eligible to earn a portion of the 2.25 ETH reward pool. rounds.wtf/base-builds/ba… 5 4:35 PM • Sep 6, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Every month, the @base team hosts a Base Builder Friday on the roof of our onchain office We do this so we can bring together based builders and better support them Build Anything, Support Everyone jesse.base.eth @jessepollak group picture of the @base builder friday crew everyone smiled and said "stay based" 18 5:02 PM • Sep 6, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy We’re sharing @base’s mission, strategy, and north stars with you because we want you to be part of it Now is our time – will you join us? jesse.base.eth @jessepollak the @base strategy and north stars in one slide 71 5:30 PM • Sep 6, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Base is for everyone, and we’re inviting everyone to join us on this journey Why? Because it’s going to take all of us to build the next generation of the internet jesse.base.eth @jessepollak quick friday video on how I think about: - @base's strategy - our north star metrics - how you can contribute as a builder we will go further together. 16 5:36 PM • Sep 6, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Faster alone, further together 122 7:38 AM • Sep 7, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy In 3 months, OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ resulted in: - $5M+ in onchain revenue for builders, creators, and projects - 2M+ unique wallets participating in onchain experiences - 24M+ onchain assets minted Now, let’s keep bringing the world onchain because ᔑᑌᗰᗰEᖇ NEVER ENDS Base @base After three incredible months, OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ has come to a close BUT ᔑᑌᗰᗰEᖇ NEVER ENDS Here’s a look back at some of the highlights that made it unforgettable this year wallet.coinbase.com/nft/mint/eip15… 12 5:50 PM • Sep 9, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Base is an Ethereum L2 Base chose ETH as its currency Base uses Ethereum for settlement Base leverages Ethereum for data availability Base relies on Ethereum to determine its state 575 7:50 AM • Sep 10, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Still day one Let’s keep building, creating, connecting, and dreaming together Coinbase Wallet 🛡️ @CoinbaseWallet This summer, you created, connected, and competed—all onchain. Onchain Summer may be over now, but the numbers tell the story. Thanks for diving in. 5 6:00 PM • Sep 10, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Transcript of @brian_armstrong’s talk at the @GoldmanSachs conference today With transactions under one second and one cent, @base is the best payment rail globally to date jesse.base.eth @jessepollak why @base from @brian_armstrong today 6 6:43 PM • Sep 10, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Base is: - Secured by @ethereum - Empowered by @coinbase - Open source with @Optimism Because we believe it’s going to take a massive team effort to bring the world onchain 367 8:26 AM • Sep 11, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Base welcomes anyone, any asset, and any community with open arms Come build the global onchain economy with us 103 7:15 AM • Sep 13, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Online = the free flowing of information Onchain = the free flowing of value/money 63 1:30 PM • Sep 14, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy In the late 90s and early 2000s, getting online transformed the world Now, getting onchain will kick off the next transformation, making it easier for everyone to participate in an open, decentralized economy and increasing economic freedom globally 13 10:45 AM • Sep 15, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Regular reminder that you can find all of our sources of funding, amplification, and tools on the @base Builder Resource Kit :) base.org Base | Get Started Base is a secure, low-cost, builder-friendly Ethereum L2 built to bring the next billion users onchain. 11 8:28 AM • Sep 17, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Based morning 34 10:45 AM • Sep 18, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Why is @base the best payment rail to date? The answer is: LFG L = low-cost F = fast G = global 180 4:06 AM • Sep 20, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy At @base, we’re building toward a future where onchain is integrated into every part of someone’s day-to-day existence We want to give everyone, everywhere a better platform to pay, earn, and live their lives Base @base 𝗢𝗡𝗖𝗛𝗔𝗜𝗡 𝗗𝗔𝗜𝗟𝗬 “If you had fast, cheap, and global payments, what might that allow you to do?” — @brian_armstrong's fireside chat at the Goldman Sachs Communacopia Technology Conference, brought onchain via @zora zora.co/collect/base:0… 4 1:45 PM • Sep 20, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Ethereum is an infinite garden 13 8:45 AM • Sep 22, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Online = walled gardens Onchain = an infinite garden 139 8:15 AM • Sep 23, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy The reason @base succeeds will be because of based builders around the world It’s time to build! Base @base Base is going global to build deeper connections with builders around the world We’re hosting a series of regional buildathons in Africa, India, Southeast Asia, and LatAm, with 100 ETH in prizes — and meetups worldwide base.mirror.xyz/Fk1jnSmh84Mlau… 30 3:02 PM • Sep 23, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy 1M builders and 1B people, onchain It’s only a vision if you think long term 171 8:48 AM • Sep 24, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Base is about playing long term games, lifting each other up, and building something lasting together 345 7:10 AM • Sep 25, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Our goal at @base is to bring the top 100 global currencies onchain This way, everyone can onboard in a way that is familiar to them in their local currencies and benefit from low-cost, faster, and global payments and FX Excited to see issuers like @idrx_co leading the way IDRX Stablecoin @idrx_co BM IDRX is building on @base As one of the first Indonesian stablecoin, pegged 1:1 to the Indonesian Rupiah, IDRX offers security, stability, and reliability. We are excited to be a part of this growing ecosystem! 39 4:56 PM • Sep 27, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy The plan? 1M+ builders 1B+ people 1T+ assets Onchain jesse.base.eth @jessepollak the medium term goal for the @base economy is to scale to $1T+ in assets onchain 118 5:05 PM • Sep 27, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Base is for everyone who wants to build a better internet, and we’re calling builders around the world to solve problems in their communities onchain Just build it jesse.base.eth @jessepollak quick video on why and how to join based around the world 39 3:35 PM • Sep 28, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Build in public, so you can build alongside the @base core team and community 95 3:32 PM • Sep 29, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Onchain is an internet owned by the people, creators, and builders 138 8:36 AM • Sep 30, 2024 Consumer Apps / Experiences I Liked David Tso (dave.base.eth) 🛡️ @davidtsocy Launching on @base Alex Kwon @startupoppa new app cooking a new prediction market for AI startups like OpenAI, Anthropic, and now SSI by @ilyasut @offmarketfun 21 7:28 PM • Sep 4, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy The @base team deploying fun hackathon projects onchain Very bullish gardo.base.eth @gardo_martinez Check out our hackathon project - Onchain Snake It's just like the OG Snake from your Nokia phone except you can save your score to a global onchain leaderboard (Built on @Base and totally free ofc!) Check it out and see if you can make the Top 10! 5 7:00 PM • Sep 5, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Hi @rodeodotclub Base @base 𝗢𝗡𝗖𝗛𝗔𝗜𝗡 𝗗𝗔𝗜𝗟𝗬 We're posting in-progress work on @rodeodotclub, a new experimental onchain platform Post what you're working on and earn for every mint [Onchain Daily Icon Explores | Spring '24] minting for 24 hours rodeo.club/post/0x96c2E93… 3 6:12 PM • Sep 10, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy The @D20_Labs/@visitsugartown team has been cooking nonstop and is now here to lead the way with social gaming Excited for RNPC to launch on @base! Sugartown @visitsugartown Introducing the worldwide release of Royal Nutz Poker Club, D20's first social casino poker game - built on Base and optimized for both Web and Mobile experiences RNPC will be the first multi-table poker championship game brought onchain, powered by sponsorships.… 26 2:44 PM • Sep 12, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy At @coinbase, we serve onchain coffee and tea at the office to show folks that the UX is good enough and to make the @base, @CoinbaseWallet, and @slice__so experience EVEN BETTER for everyone How can we onboard others if we don’t use our own tech? 89 9:45 AM • Sep 19, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Onchain payments are the OG use case of crypto For us, @base cafe is an opportunity to let the world know that it is now possible to use crypto for everyday things like coffee with @CoinbaseWallet and @slice__so and to make these products work better with user feedback Coinbase Singapore @CoinbaseSG That’s a wrap for Day 1 at @token2049! Thank you to everyone who joined us at @base cafe today. We had a blast getting everyone #onchain. We’ll be open tomorrow starting at 7:30 AM, so come hang out and enjoy a free coffee on us. Find us at MBS Convention Centre, Level 3. 11 10:00 AM • Sep 19, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy The onchain release of “Vitalik: An Ethereum Story” is here A 3 year effort led by @ljxie and @zachingrasci, crowdfunded by the @ethereum community, with a full onchain-native distribution Mint your ticket and stream NOW at ethereumfilm.xyz Streaming Ticket WATCH “VITALIK: AN ETHEREUM STORY” NOW! Base @base Vitalik: An Ethereum Story is a feature documentary chronicling @VitalikButerin and Ethereum’s community of builders as they fight for an open internet accessible to all Mint your onchain ticket to stream the film ethereumfilm.xyz 15 3:00 PM • Sep 20, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Need more frictionless onboarding experiences like @sofamon_xyz’s to bring the world onchain cygaar @0xCygaar I often talk about building better crypto experiences, but what does that look like? It looks like this flow from @sofamon_xyz. Mobile friendly, login with Google, pay with ETH, credit card, or Apple Pay (all powered by Stripe). This is the experience that users deserve. 3 8:47 AM • Sep 24, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy It’s finally here So excited to have @WeArePlanetMojo games including Mojo Melee, GoGo Mojo, Mojo Maker, and the upcoming Prophecy of the Ancients launch on @base! Planet Mojo 🌱 @WeArePlanetMojo REVEALING: The Base Chest Mint The wait is over: Planet Mojo is bringing you a FREE NEW MINT on @base—exclusively for Coinbase Smart Wallet users! These chests are our way to welcome the Base community to the Planet Mojo gaming ecosystem Which rare new NFT will you… 16 4:34 PM • Sep 25, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Memes are about to get a lot more fun on @base rug.fun @rugdotfun we’re launching a brand new game, unlike anything you’ve seen before. memecoins are about to get a lot more rug.fun but first, meet Dotto. Dotto is important to the game collect Dotto and get ahead. you’ll unlock special advantages and priority access when we… 18 5:40 PM • Sep 25, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Onboarded a local artist with @CoinbaseWallet and minted an artwork on Onchain Vision in <60s With Smart Wallet and @base, you can now create a significant aha moment for anyone just coming onchain – one they can experience right away Who will you onboard this weekend? 83 8:30 AM • Sep 27, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy It’s time to update the system Not because it’ll be easy, but because there’s hard work to do – and we’re going to do it the right way despite the unknowns Thank you @AtriumNft, @CC0_Studios, @Anaroth__, @0xLawl, and @phuncal for portraying the @base mindset Base @base 𝗢𝗡𝗖𝗛𝗔𝗜𝗡 𝗗𝗔𝗜𝗟𝗬 Update the System: A short film from @AtriumNft, presented by @CC0_Studios “Sometimes, embracing the unknown is the only way forward.” Written by @Anaroth__ and @0xLawl, animated by @phuncal, and minting on @zora zora.co/collect/base:0… 51 4:28 PM • Sep 30, 2024 Infrastructure Updates David Tso (dave.base.eth) 🛡️ @davidtsocy If you want to have signature-less experiences with no wallet pop-ups for your consumer app on @base: @OnchainKit + @coinbase Smart Wallet session keys are the answer jesse.base.eth @jessepollak just built a 10x better onchain feed in 4 hours the combination of @base, @OnchainKit, and @coinbase smart wallet session keys are insanely powerful — new onchain UX paradigm unlocked 15 9:17 PM • Sep 3, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Less clicks, more adoption @OnchainKit + @coinbase Smart Wallet session keys are going to be a huge unlock for consumer apps on @base nick.base.eth 🛡 @Nick_Prince12 every click a user makes in a consumer app is a miracle (h/t @nikitabier ) session keys enable onchain apps to break out with far fewer miracles required truly a fundamental upgrade for onchain UX 40 9:18 PM • Sep 3, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Can’t stop, won’t stop scaling @base Base @base Introducing Scaling Base, a new series documenting our technical progress towards making Base accessible to all To start, we're detailing our plan to achieve 1 Mgas/s increases each week, and sharing our approach as we near the upcoming Ethereum upgrade base.mirror.xyz/6NDvVKw8x5obo3… 146 6:46 PM • Sep 4, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Session keys unlock experiences that keep all of the unique properties of wallets (e.g. self-custody, data portability) without sacrificing on UX compared to web2: - Sign in and never see mention of a wallet again - High-frequency transactions (e.g. gaming, social) - Background… Brian Armstrong @brian_armstrong Session keys for Base are a big deal The owner of a wallet no longer needs to manually approve each transaction. They can set a pre-approved limit for each app, and the app can perform transactions in their behalf. This unlocks various use cases. First, user actions (imagine… 82 4:37 PM • Sep 8, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Remember Frame Friday? It’s that time again – go pin frames on your @base name profile! Base @base It’s been one month since Basenames launched, and we’re about to hit half a million Basenames claimed Now we're launching Frames, which let you do things like get paid, sell with @slice, get subscriptions to your @hypersubxyz, and so much more — all directly from your Basename… 22 2:05 PM • Sep 20, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Frames + Basenames = a 10x more powerful onchain Linktree New distribution channel for @base builders unlocked Create yours: base.org Basenames Basenames are a core onchain building block that enables anyone to establish their identity on Base by registering human-readable names for their address(es). They are a fully onchain solution which... jesse.base.eth @jessepollak a quick overview of: 1. why we added frames to basenames 2. how to make your basename your onchain linktree it seems small, but this is the start of something big. 66 10:53 AM • Sep 22, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy With Basenames, you can pin your @paragraph_xyz newsletter as a frame and let people one-click subscribe without ever leaving the site Frames are like magic and will be major for @base builders, creators, and artists to share their work Try it out @ base.org/name/dave 83 5:18 PM • Sep 22, 2024 David Tso (dave.base.eth) 🛡️ @davidtsocy Tomorrow, @base will be boosting the per block gas target from 10 → 11 Mgas/s as part of our planned scaling efforts to increase the Base gas target by 1 Mgas/s each week We’ll continue to make onchain accessible and affordable for everyone until the whole world can participate… Base @base Our longterm goal is to achieve 1 Ggas/s capacity for Base, and we need to keep scaling to get there This week, we're starting to increase Base's gas target by 1 Mgas/s each week — now going from 10 to 11 Mgas/s This is how we bring a billion people onchain 94 5:15 PM • Sep 24, 2024 And that’s my monthly roundup! 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