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Today, the discussion centers on Optimism's Pump 16, coinciding with the launch of Coinbase's Layer 2 solution. Coinbase plans to contribute to the open-source development of the Optimism stack, which is viewed positively. Optimism acts as a scaling solution on Ethereum's network. Coinbase's new project, Base, is powered by Optimism, and they will partner with a decentralized autonomous organization (DAO) focused on developing the Optimism stack. Layer 2 solutions aim to enhance transaction speed and reduce costs on blockchains like Ethereum, where high fees can be problematic during peak times. Currently, both Arbitrum and Optimism are gaining significant momentum.