Discriminating against Solana and pushing Base? Coinbase’s “selfishness” and prejudice

Written by Alex Liu, Foresight News

Coinbase is the only company listed on the U.S. stock market.cryptocurrency交易所，在行业内有着不容小觑的影响力。

However, despite its leading position in the industry, Coinbase has been criticized by many people in the industry for many controversial behaviors, such as its "selfishness" and bias in "supporting public chains." This "selfishness" and bias manifests itself in all aspects.

Discrimination against Solana

Thoughtful reminder

When you use the Solana network to sendcryptocurrencyAfter that, a "considerate" reminder will appear at the bottom of the page:

Send crypto for less

Use a faster and cheaper network for future sends

（更便宜地发送加密货币：以后用更快更便宜的网络来发送）

Abnormal deposit and withdrawal time

Users who often use Solana to send and receive cryptocurrencies know that Solana network can usually reach the account within a few seconds. And through the Solana network, the recharge and withdrawal of centralized exchanges such as USDC and other cryptocurrencies can also be done in a few minutes.Xiaobai NavigationWhen using Coinbase to withdraw USDC, we found that Coinbase would default to using the Ethereum mainnet, which takes about 3 minutes. In contrast, Coinbase’s own Ethereum Layer 2 Base only takes 17 seconds, while Solana takes about 1 hour.

This situation was confirmed by multiple Coinbase users on social media.

On-chain, but not Solana

Just on the chainwalletYou can earn income by holding USDC.

But the Solana network is not counted as “on-chain,” even though it may be more popular than other networks on the list.

Poor Solana support

Coinbase's support for the Solana network is extremely poor, with frequent network delays and performance degradation.

So much so that Placeholder partner and well-known VC Chris Burniske publicly called on Coinbase to increase its support for the Solana network.

What is the reason?

Coinbase is vigorously promoting its own Ethereum Layer 2 Base. In terms of comprehensive fees, application ecology, and number of users, Solana is the biggest competitor in the Base ecosystem. By providing Solana with extremely poor support, Coinbase "artificially" reduced the user experience of Solana.

Transfer assets to Base

According to Arbitrum co-founder Steven Goldfeder, Coinbase is suspected of transferring billions of corporate assets to Base to increase "TVL".

Does not support competitor network upgrades

On L1, the public chain Celo announced that it will transform into L2 后（通过硬分叉升级），Coinbase 表示将不支持本次升级。这将直接导致成为 L2 后的 CELO TokenDelist from Coinbase.

This move was alsoCommunityThis is seen as a typical case of Coinbase suppressing L2 competitors for Base and not supporting the ecological expansion of Ethereum.Communitymembers were widely criticized.

Conclusion

As an industry-leading exchange, Coinbase should have taken on more industry responsibilities. Such "selfish" bias is really disappointing to users and practitioners. I hope they can realize the inappropriateness of their behavior, allow fair competition in the market, and allow the industry to develop healthily.

The article comes from the Internet:Discriminating against Solana and pushing Base? Coinbase’s “selfishness” and prejudice

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