Base team members deny rumors of consistently transferring their sequencer fee revenue to Coinbase for sale

ChainCatcher news, according to CoinDesk, Base team member Kabir.base.eth denied rumors that Base has been transferring its sequencer fee revenue to Coinbase for sale.

Kabir explained that Base uses off-chain custody to ensure security and audit transparency, so funds are transferred to Coinbase. Additionally, Base primarily settles in ETH and uses it for Ethereum L1 fee payments and ecosystem support.

Previously, anonymous analyst Santisa questioned whether Base was transferring all sequencer fees to Coinbase, which may have been sold. Sonic Labs founder Andre Cronje also pointed out that the centralized operation model of L2 sequencers could affect the deflationary effect of ETH, causing Ethereum to re-enter an inflationary state.