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Base considers native token launch amid ecosystem growth and expansion
Base, the blockchain incubated by crypto exchange Coinbase, is considering launching its own native token.
The announcement was made by Jesse Pollak, the creator of Base, during the BaseCamp conference, The Block reports.
Previously, Coinbase repeatedly stated it had no plans to create a native token for Base and would continue using ETH as its gas token. The project clarified that it currently has “no concrete plans” for deployment. However, the statement comes months after Kraken-incubated network Ink announced the launch of its INK token.
Coinbase CEO Brian Armstrong confirmed on X that Base is “exploring” the possibility of launching its own token, saying it “could be a great tool to accelerate decentralization and empower creators and developers in the ecosystem.”
Native token unlocks broader opportunities
Launched in 2023, Base has achieved key milestones over the past year, including “transactions under one second and under one cent,” according to Pollak. Notably, Base advanced to “Stage 1” in Vitalik Buterin’s decentralization framework for rollups after enabling permissionless fault-proof verification.
“Exploring a network token is one way to realize our vision of a global onchain economy. A Base token could accelerate decentralization and broaden opportunities for developers and creators,” the Base team added.
Pollak also revealed that Base is expanding access to Solana, Ethereum’s high-performance monolithic alternative. Through an open-source bridge, users can now deposit and use SOL and other Solana-based tokens in any Base application, as well as export Base assets back to Solana.
Base also “seeks to cooperate with regulators and lawmakers,” some of whom have opposed exchange-issued tokens in the past. However, the Trump administration has emphasized cryptocurrencies and urged regulators to make room for innovation and experimentation.
As we wrote, Coinbase offers strategy to track new crypto listings
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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