the creator of the blockchain joins the executive team of Coinbase

Jesse Pollak, creator of the Coinbase blockchain, Base, has leveled up, officially joining the company’s executive team. His new role will be to lead the Coinbase Wallet team. 

Base: the creator of the blockchain Jesse Pollak will now lead the Coinbase Wallet team

Jesse Pollak, the creator of the Base blockchain of Coinbase, announced that he has been promoted, officially joining the company’s executive team. Not only that, Pollak will lead the Coinbase Wallet team. 

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“Hello everyone – some news: in addition to leading the @base I will step forward to lead the @coinbasewallet team and join the executive team of @coinbase. I am really excited to take on this new mandate and accelerate our mission to bring a billion people and a million builders onto the chain.

@base and @coinbasewallet share the same guiding star: making it incredibly easy for the world to enter onchain, and connecting everyone who does to the amazing products being built across the entire onchain economy. Now, we will be able to work together more closely to make this happen. An important note: @base will continue to uphold its core values: being for everyone, a bridge not an island, decentralized and open source. @coinbasewallet will continue to work for the entire onchain economy, and we will begin the work to embody the other values. @base in even more ways. I am excited to work even more closely with the wallet team and to continue leading the base team. It’s a new day, the first. It’s time to put our heads down. Keep building, stay based.”

In his announcement, Pollak expresses his enthusiasm, emphasizing how both Base and Coinbase Wallet share the goal of wanting to make onchain access easier for the world. 

Base: the creator of the blockchain and the new role in the team of Coinbase Wallet

The new announcement from Pollak seems to be appreciated even by some experts in the crypto sector. 

Among others, there is Jacob Horne, founder of Zora, a blockchain focused on media, who commented on X as follows: 

“I am really excited to see this. Jesse has brought Coinbase back to the forefront of the industry with Base in a very short period of time. A cohesive pairing between Coinbase Wallet and Base likely means an overall improvement in the industry’s UX.”

Peeking at the official account of Brian Armstrong, CEO of Coinbase, the news about Pollak was reposted without comments. Additionally, however, Armstrong also shared the tweet that sees Pollak as the eighth person on the Coinbase executive team. 

The impressive growth of Base’s TVL

Just yesterday it was reported how the Base blockchain reached a new significant milestone in 2024: a TVL exceeding 2 billion dollars. 

In practice, the current Total Value Locked of Coinbase’s Ethereum layer-2 reflects its impressive growth. In fact, it has been calculated that Base has grown by 370% compared to its TVL at the beginning of the year. 

Among the various motivations, a special contribution goes to Aerodrome, a decentralized exchange that has attracted over 1 billion dollars in deposits, consolidating itself as the largest player on the Base network.