The Coinbase-backed Layer 2 plans to refocus on trading, stablecoin payments and AI agents as competition intensifies with Robinhood Chain over users, assets and volume.
Base said its push into onchain social over the past two years had fallen short and that it will shift attention back to trading, stablecoin payments and AI agents (software that can act autonomously). The Layer 2 network’s stated goal is to become a global financial blockchain, but the competitive backdrop is changing as Robinhood Chain gains ground with traditional finance users and compliance advantages. The development underscores a broader shift in the Layer 2 race away from narrative-driven experiments and toward platforms that can attract assets, users and transaction volume at scale.