Base explores native token, unveils Solana bridge at BaseCamp 2025

Coinbase’s layer-2 community Base could quickly launch a native token, creator Jesse Pollak stated at the BaseCamp occasion.

Based on Base, the brand new token might assist decentralization and develop alternatives for builders and creators. “We’re within the early phases of our exploration, and don’t have any specifics to share round timing, design, or governance,” the community said Monday.

Base is a layer-2 blockchain constructed on Ethereum and incubated by Coinbase. It processes transactions offchain earlier than settling them on Ethereum.

Launched in 2023, the community has grow to be essentially the most broadly used Ethereum layer-2 blockchain, with information from Token Terminal exhibiting about 20.8 million month-to-month energetic addresses over the previous 12 months.

Talking at the BaseCamp occasion, Pollak additionally introduced the launch of an open-source bridge to Solana, permitting customers to maneuver property between the 2 chains and enabling builders to faucet right into a broader liquidity pool.

Pollak stated Base was designed to be a “bridge, not an island,” including that the objective is to strengthen your complete ecosystem by making it open and interoperable. “For a greater international economic system to work, we’d like it to be interoperable and related.”

Base outlines why it’s now contemplating a token

Base’s transfer to discover a native token marks a shift from earlier statements. As not too long ago as November 2024, Pollak stated in an X thread, the place he praised Hyperliquid for prioritizing product improvement over token incentives, that there have been no plans for a Base community token.

“We’re targeted on constructing. And we wish to remedy actual issues that allow you to construct higher,” Pollak wrote.

Nevertheless, the potential Base token seems to be an evolution of the community somewhat than a flip-flop.

“Initially, contemplating launching a token wasn’t a precedence for us, as a result of we felt we wanted to give attention to the core product first,” a spokesperson for Base instructed Cointelegraph. 

“Now that we’ve achieved sub-second, sub-cent transactions and expanded into an open stack, we’re exploring a community token to additional decentralize and make the ecosystem extra open, accessible, and community-driven,” Base stated.

The spokesperson additionally linked token issuance to its decentralization objectives. “Base is for everybody, and a community token might assist extra individuals participate in Base’s onchain economic system.”

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