Lets Dissect the Base ⇄ Solana Bridge
AI summary of the linked articleThe author argues that Base's new Solana bridge is less about a one-off vampire attack on Solana liquidity and more about Base taking steps to own cross-chain token issuance. Based on a cursory look, the bridge reportedly lets Base deploy multiple local tokens for each Solana token, but not the reverse, which the author says fragments liquidity for Solana tokens on Base while consolidating liquidity for Base tokens on Solana. The article describes the bridge as a Stage 0 bridge secured by operators, validators and a guardian, and suggests Base may be positioning itself as a liquidity hub, with some readers possibly seeing it as a signal of a future Superchain exit. |
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Recommended by 2 curators |
2 comments  The Superchain narrative gets a bit more confusing now as Base are effectively minting new types of cross-chain tokens that are not on the surface SuperchainERC20 compatible. They also didn't advertise the bridge as a public good for the Superchain. Damn, what is happening. I really wonder where this is going to lead eventually  auditless.ethSubmitter I wrote a little bit about how I think chain clusters are evolving in last week's post on Starknet Bitcoin finance. I think rollup clusters are losing power since they don't direct the users. |
