Base forked the OP Stack. Here's how I'm thinking about it from a technical and economic standpoint. Tech: OP Stack continues to be the best stack my frens. Make no mistake - it is a combination of our tech and Coinbase GTM that made Base the biggest L2. As Base grew, we (+Sunnyside, Flashbots, Paradigm) shipped the features that kept the chain up, scaled it, lowered fees, and made operating the chain vastly more profitable. Our code still processes 13% of all transactions in crypto. If you want the most scalable, highest reliability, and most production-hardened stack, that’s the OP Stack. Today, the “Unified Base Stack” shares 99% of its code with the OP Stack/ Flashbots/ Reth, and there remains major overlap in the roadmap. Because of that, Base will continue to be an OP Enterprise customer. If Base makes so many changes that it's no longer recognizable as the OP Stack then they will no longer require “Mission Critical” support from us. Economics: This is a hit to near-term onchain revenues. But as cryptotwitter has been saying for ages, we needed to evolve our biz model. We used to just say “everybody joins the Superchain and pays revshare” no matter who the customer was. We introduced OP Enterprise in January and we now have tiers of specific support and SLAs based on what different chains need. Base is on OP Enterprise: Mission Critical Support tier. We made this tier for self-managed chains that want customizations. There’s also “OP Enterprise: Fully Managed” for people who prioritize convenience. Base used to need that. They have evolved. The reason we made this MIT licensed in the beginning was to encourage forks in order to become the standard way rollups get built. We accomplished that - Blast, MegaETH, opBNB, and many more are all forks of the OP Stack. All 3rd party services and tools have OP Stack-compatible integrations. We built and scaled the fastest growing blockchain in crypto, and are now helping our partners create and execute on that playbook. We’re a strategic partner offering faster time to market, and exclusive knowledge of how to handle the largest production workloads. Coinbase is doubling down on their blockchain. That’s validation that every business will have its own blockspace. A vast majority of these businesses will utilize the OP Stack for their chains. Thank you all for reading this, and for thinking about Optimism and our strategy. Now back to building.