Base: the Layer-2 network of Coinbase that focuses on innovation, not on tokens

Base, the Layer-2 network based on Ethereum and developed by Coinbase, has officially confirmed that it will not launch its own token, denying the speculations that were circulating after the rapid growth of the platform. 

Jesse Pollak, the lead developer of the project, clarified that the priority of Base is not to create a token, but to focus on developing tools to enhance the adoption and use of decentralized applications (dApp).

The rapid growth of Base the Coinbase network

Base was launched with the goal of addressing some of the main limitations of Ethereum, such as high costs and scalability. In a few months, the network has seen a significant increase in activity, attracting the attention of developers and users. 

This success has fueled speculations about the possible launch of a native token to capitalize on the growth and further incentivize the use of the network.

However, Jesse Pollak stated unequivocally that there are no plans for a Base token. According to Pollak, the main goal is to provide a stable and secure infrastructure to enable developers to create blockchain solutions that have a real-world impact. 

The network therefore aims to distinguish itself through technological innovation, rather than through marketing strategies related to the launch of new assets.

Base is integrated into the Ethereum ecosystem as a Layer-2 network designed to enhance user experience, reduce costs, and increase transaction speed. Layer-2 networks like Base operate on top of Ethereum, inheriting its security and decentralization, but optimizing its performance.

Unlike other Layer-2 solutions that have launched native tokens to manage governance or incentivize adoption, Base relies on its direct connection with Coinbase, one of the largest cryptocurrency exchanges in the world. This relationship provides the network with a solid base of users and developers, eliminating the need to create a specific token.

Support for developers as a fundamental pillar

One of the strengths of Base is its approach centered on the development of tools for decentralized applications. 

Jesse Pollak reiterated that the mission of the network is to support developers in creating innovative dApps, providing an accessible and highly performant environment.

For this reason, Base focuses on:

1. Reduction of entry barriers: simplified tools and documentation to assist developers, even those less experienced, in building on Ethereum.
2. Economic efficiency: lower transaction costs compared to the Ethereum mainnet.
3. Flexibility: compatibility with a wide range of applications and protocols already existing in the Ethereum ecosystem.

The choice not to launch a token reflects Base’s desire to tackle concrete challenges that go beyond the speculative dynamics of the market. According to Pollak, the blockchain must demonstrate its utility in the real world to truly become mainstream.

This means developing solutions that address tangible problems, such as supply chain transparency, digital identity management, and access to financial services.

This vision highlights how Base wants to position itself as a network that promotes trust and stability, rather than focusing on short-term strategies related to the launch of new assets.

Conclusion

Base represents a unique example among Layer-2 networks on Ethereum. The decision not to launch a token, although against the trend compared to other similar networks, underscores its approach focused on technological innovation and support for developers.

Thanks to its close connection with Coinbase and the focus on tools for decentralized applications, Base is building a solid platform to tackle real-world challenges and consolidate the blockchain as a key technology for the future. 

With a long-term oriented strategy, Base aims to become a pillar in the Ethereum ecosystem, demonstrating that the adoption of blockchain can go beyond speculation.