While the market hyperventilates over the Trump-EU tariff war dragging Bitcoin to $92k and flushing $750M in longs, the real smart money is ignoring the geopolitical theater to focus on a structural breakout: Base just captured nearly 70% of all Ethereum L2 revenue, effectively rendering the "L2 Wars" over. This isn't just a flight to quality amidst macro chaos; it is the market validating Jesse Pollak’s pivot to a "Trading First" economy, where on-chain velocity matters more than empty TVL metrics. We are seeing a decoupling where traditional assets bleed from tariff headlines (Greenland tensions), while Base weaponizes consumer liquidity to print $147k in daily fees—leaving Arbitrum and Polygon fighting for scraps.
The signal is clear: volatility is the noise, revenue dominance is the signal. Are you panic-selling the macro bottom or positioning for the Base hegemony?
