Base ends Optimism revenue sharing, causing OP token to drop 25%, while Arbitrum promotes a clearer licensing model.

Coinbase's Layer 2 network Base has terminated its revenue-sharing agreement with the Optimism Collective, which led to a 25% drop in the OP token price due to Base's significant prior contributions. Base had contributed about 8,387 ETH ($16.4 million), accounting for up to 97% of the collective's revenue. In contrast, Arbitrum's CEO highlights their standardized 10% revenue share model and permissionless licensing as a more transparent and stable alternative. This shift may influence developers' choices between Layer 2 networks, potentially benefiting Arbitrum's ecosystem while challenging Optimism's Superchain model.