Transcript EP.657: How Coinbase Might Bring 1 Billion People Onchain Using Its Smart Wallet
Coinbase has launched its new smart wallet with partners such as DeFi lending protocol Moonwell, offering them freebies they can pass onto consumers to get more people onchain.
Luke Youngblood:
You can imagine how Coinbase is actually earning a lot of money from sequencer fees from all the transactions happening on Base, and a lot of that activity is actually bots and other people that are not going to have sponsored transactions. And so if you think about the economic cycle, Coinbase can actually recycle those sequencer fees t…
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