Jesse Pollak, the Coinbase executive who created Base, handed the leadership of the consumer Base app to Jordan Fish, known as Cobie, while admitting he had made a mistake by betting for two years on onchain social products and creator coins. Base remains the fifth-largest blockchain by total value locked at $4.54 billion, and the largest Ethereum Layer 2 by that measure, ahead of Arbitrum’s $1.23 billion. Coinbase previously acquired Fish’s fundraising platform Echo for an estimated $375 million in cash and stock last year. For 2026, Pollak set three priorities for Base: winning trading, payments, and agents, signaling a major strategic pivot for the network.
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