Coinbase’s Base Network Explores Native Token Launch
At the recent BaseCamp 2025 event, Coinbase’s Layer 2 blockchain network, Base, announced it is considering the introduction of a native token. Jesse Pollak, the creator of Base, indicated that the token could play a pivotal role in advancing decentralization and expanding opportunities for developers and creators within the ecosystem.
Base, launched in 2023 and built on Ethereum, functions as a Layer 2 solution by processing transactions off-chain before settling them on the Ethereum mainnet. According to data from Token Terminal, Base currently boasts approximately 20.8 million monthly active addresses, making it the most widely adopted Ethereum Layer 2 network.
Introducing a Solana Bridge to Enhance Cross-Chain Connectivity
In addition to the token exploration, Base unveiled an open-source bridge to Solana at BaseCamp. This bridge facilitates asset transfers between Base and Solana, enabling developers and users to access a wider liquidity pool and fostering greater interoperability across blockchain ecosystems.
Pollak emphasized Base’s vision as a “bridge, not an island,” highlighting the importance of an interconnected and open blockchain economy. The goal is to strengthen the broader decentralized ecosystem by ensuring seamless cross-chain interactions.
Strategic Shift Toward Tokenization
Previously, in November 2024, Pollak had expressed skepticism about launching a native token, emphasizing a focus on product development over token incentives. However, the recent announcement reflects an evolution in Base’s strategy rather than a reversal.
A Base spokesperson explained that after achieving key technical milestones such as sub-second transaction speeds and minimal fees, the network is now considering a token to promote further decentralization and foster a more community-driven ecosystem. The token is envisioned as a mechanism to broaden participation in Base’s on-chain economy.
“Initially, considering launching a token wasn’t a priority for us, because we felt we needed to focus on the core product first,” the spokesperson said. “Now that we’ve achieved sub-second, sub-cent transactions and expanded into an open stack, we’re exploring a network token to further decentralize and make the ecosystem more open, accessible, and community-driven.”
FinOracleAI — Market View
Base’s announcement to explore a native token combined with the launch of a Solana bridge is likely to have a positive short-term market impact. The token could incentivize broader community engagement and governance participation, while the Solana bridge enhances cross-chain liquidity and developer appeal. However, risks remain around tokenomics design, launch timing, and market reception. Investors and observers should closely monitor further details on token structure and governance proposals to assess the network’s decentralization trajectory.
Impact: positive
