"We bet on builders and nailed it. Social? Complete miss." - Jesse Pollak on $BASE
Rare public admission from Base's lead. They crushed infra/dev adoption but fumbled the social layer everyone expected to explode.
Means: Base pivoted hard to dev tools, onchain apps, and liquidity. The social-fi narrative (Friend.tech era) didn't materialize as hoped.
Takeaway: Infra > hype cycles. Base is doubling down on what works - builders shipping real products, not vanity metrics from social experiments.
Rare public admission from Base's lead. They crushed infra/dev adoption but fumbled the social layer everyone expected to explode.
Means: Base pivoted hard to dev tools, onchain apps, and liquidity. The social-fi narrative (Friend.tech era) didn't materialize as hoped.
Takeaway: Infra > hype cycles. Base is doubling down on what works - builders shipping real products, not vanity metrics from social experiments.