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As of 9:22 AM on January 27, 2025, Ethereum (ETH) was trading at $3,104.95, reflecting a 5.87% drop of $193.53 from the previous day’s close. Amid this market fluctuation, Ethereum’s layer 2 executives are pushing forward with a plan to enhance the security and unity of the Ethereum network through the implementation of “based” and “native” rollups. These rollups are seen as a key step in improving the network’s decentralization, making Ethereum less fragmented and more unified.
During a January 25 call with Ethereum founders and developers, Jesse Pollak, lead of Base, emphasized the potential of based rollups. He explained that they are “both a flexible and powerful tool” that could significantly strengthen Ethereum by connecting layer 2 networks to the base Ethereum layer, boosting security guarantees in the process.
Layer 2 networks like Arbitrum, Optimism, and Base have made significant revenue from transaction fees by relying on high-speed, centralized sequencers—systems that determine the order in which transactions are processed and added to Ethereum blocks. However, based rollups seek to change this by returning the block-building process to Ethereum’s base layer, which would involve all Ethereum validators rather than a single, centralized sequencer.
Ben Jones, Director of the Optimism Foundation, emphasized the importance of collaboration between Ethereum’s base layer and layer 2 networks. “I want to just reemphasize we are here to support this, it is war time,” Jones stated, underscoring the urgency of improving Ethereum’s security and decentralization.
Disclaimer: This article is based on publicly available information and does not provide financial advice.