According to Jeff John Roberts, a columnist for Fortune, the development difficulties of Coinbase's Base network reflect the need for the cryptocurrency industry to shift from token speculation to financial infrastructure construction. Jesse Pollak, the head of Base, admits that developing the Base application into an encrypted social platform is the wrong direction. The article points out that Coinbase lags behind platforms such as Hyperliquid and Robinhood in competition, and there is a problem of resource imbalance in the early ecosystem of Base. At present, predicting the market, on chain trading platforms, and RWA have become new growth directions, and the X402 protocol driven by Base is becoming the industry standard for AI proxy economy.