BREAKING
140d 6h ago

Vitalik Defends Base as an Ethereum L2: Centralized UX Gains Without Custody or Withdrawal Risk

ETH

ETH/USDT

$2,127.12
+4.51%
24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short
69.8%
Long: 69.8%Short: 30.2%
Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$2,121.96

1.67%

Volume (24h): -

Resistance Levels
Resistance 3$2,577.98
Resistance 2$2,403.28
Resistance 1$2,234.29
Price$2,121.96
Support 1$1,994.75
Support 2$1,826.83
Support 3$1,157.44
Pivot (PP):$2,110.44
Trend:Downtrend
RSI (14):32.9

COINOTAG reported on September 23 that the debate over centralization of Base layer sequencers has intensified, with some critics suggesting Base functions more like a trading platform than a conventional Layer 2 network. Ethereum co-founder Vitalik Buterin publicly defended the design, stating that Base’s use of sequencer-level centralization is an intentional trade-off to deliver enhanced user experience while anchoring finality and security to the Ethereum base layer.

Vitalik also highlighted that Base does not custody user funds and, per L2beat’s Phase 1 criteria, cannot seize or block withdrawals — a structural assurance that aligns the sequencer model with established Layer 2 security expectations and the broader Ethereum settlement architecture.

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