What happened?
Coinbase-incubated Ethereum Layer-2 network, Base, announced at BaseCamp 2025 that it’s exploring the launch of a network token. This marks a significant shift in stance as Coinbase previously maintained that no token was necessary. The move follows closely on the heels of Linea’s recent token generation event, which distributed more than 9.3 billion LINEA tokens to eligible users.
Who does this affect?
This development potentially affects cryptocurrency investors and developers within the Ethereum ecosystem. If Base decides to launch its network token, it could provide opportunities for builders, creators, and investors alike. In addition, the proposed token could promote further decentralization and connectivity within the Ethereum network and across various chains via the Base-Solana bridge.
Why does this matter?
The exploration of a network token by Base, a significant player in the Ethereum ecosystem, could have considerable market impact. It may influence investor sentiment, shape markets, or lead to increased user base and value locked on the platform. Furthermore, if Base successfully launches its token, it could serve as a precedent inspiring other networks within the Ethereum ecosystem to follow suit.