According to @julian2kwan, Base’s current scale with billions in TVL and millions of users will not translate into meaningful economic impact until regulated issuers, custodians, and capital providers can operate on-chain (source: @julian2kwan). For trading strategy, this positions regulatory-compliant infrastructure integrations—such as on-chain operations by regulated issuers and custodians—as the primary catalysts to watch on Base, rather than user growth alone (source: @julian2kwan). Traders should monitor announcements of regulated capital providers and custodians going live on Base to gauge when TVL can convert into revenue-generating activity and deeper liquidity (source: @julian2kwan).