• Base failed to capture early growth in prediction markets and perpetual futures, Jesse Pollak said.
• The network focused more on social applications than trading.
• Pollak said Base is now working to expand across more crypto sectors.

Base creator Jesse Pollak said the Ethereum (CRYPTO:ETH) layer-2 network was slow to capitalise on the rapid growth of prediction markets and perpetual futures trading.

Pollak said Base initially focused on building social applications, leaving it behind competitors in two of crypto’s fastest-growing sectors.

“We were too early on social and too late on prediction markets and perps,” Pollak said.

He said Base is now working to support a broader range of decentralised applications, including trading, payments…