Base, an Ethereum Layer 2 scaling solution network by Coinbase, came under scrutiny on X for transferring sequencer fees to the centralized exchange. “BASE has been sending all sequencer fees to Coinbase since launch,” Santisa, the pseudonymous chief investment officer of Lucidity, said in an X post . “We don’t know if they sold, but we do know they didn’t deploy those funds on Base or keep them on-chain.” They added that the “lack of transparency makes it fair to assume they sold,”which is “not very Ethereum-aligned of them.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io