Coinbase’s Base Explores Token Issuance, Aiming for Decentralization

Base, Coinbase’s Ethereum Layer-2 network, announced at BaseCamp 2025 its exploration of launching a native token, as confirmed by founder Jesse Pollak.

This shift could steer Base towards greater decentralization, significantly impacting Ethereum Layer-2 dynamics and sparking interest from developers and users eager for transparent incentive structures.

Base’s New Token Strategy: Decentralization and Growth

Base, backed by Coinbase and led by Jesse Pollak, announced at BaseCamp 2025 intentions to explore offering a native token. This development reflects a policy shift from their previous “no token” approach. While plans remain in early stages, Pollak emphasized regulatory consultations and open community engagement.

Immediate changes may include transparent incentives and a broader user network through a potential airdrop. The announcement has stirred industry interest given its implications for decentralization and potential competition with Layer-2 networks like Optimism and Arbitrum.

Industry experts, including Nick Tomaino, have highlighted the significance of this news. Tomaino noted the possibility of the token gaining significant market cap by prioritizing transparent distributions. Jesse Pollak stated, “Our aim is further decentralization and making the ecosystem more open, accessible, and community-driven.” – CoinCentral. The broader market has responded with keen speculation on how this move might reshape Ethereum Layer-2 dynamics.

Potential Impacts on Ethereum’s Layer-2 Networks

Did you know? Base’s potential shift towards a token could replicate success seen in past Layer-2 launches, where tokens like OP and ARB increased engagement and TVL significantly.

Ethereum (ETH) stands at a current price of $4,488.89 and a market cap of $541.83 billion, with a trading volume of $31.10 billion over 24 hours. The cryptocurrency experienced a 0.08% price drop in the past 24 hours but has seen a substantial 79.97% increase over the past 90 days, according to CoinMarketCap.

Coincu’s research team suggests that Base’s token issuance could foster greater community involvement and liquidity in Layer-2 networks. Historical trends indicate that tokens like OP and ARB have accelerated network growth. Coinbase’s established reputation may further assure stakeholders regarding compliance and future adoption of the native token.