Coinbase Base Network Rules Out Token Launch
Base, the Ethereum Layer-2 network developed by Coinbase, has confirmed that it has no plans to introduce a native token despite its rapid adoption and growing user base.
Instead, the network remains committed to promoting the development of decentralized applications (dApps) and supporting its developer community.
Base achieves record TPS and TVL without token incentives
Jesse Pollak, lead developer at Baseshared this vision in a Nov. 30 X post. Pollak emphasized that the team’s main goal is to address real-world challenges by creating tools that enable developers to build better solutions.
he described Base advantage Due to its open source nature, it adheres to open standards and focuses on open markets. He said these features help drive innovation and creativity in blockchain networks.
“There are no plans for a base network token yet. We are focused on building. We want to solve real problems and let you build better,” Pollack said.
The clarification comes against the backdrop of speculation about a possible token launch. The amazing growth of the web. On November 28, analytics platform Nansen reported that Base transaction volume reached 11.4 million. This is a 50-fold increase from last year’s 263,000 transactions.
In addition, L2beat data shows that Base set a record-breaking 132.50 daily transactions per second (TPS) on November 26, surpassing the previous 106.86 TPS milestone.
These milestones help Base achieve the second-highest total value locked (TVL) among Ethereum Layer-2 solutions at $12.54 billion — trailing only Decide.
Market observers emphasize A thriving ecosystem at the base as a key driver of its popularity. The network actively supports gaming and decentralized finance (Decentralized Finance) applications such as Uniswap, Aerodrome, etc. The viral success of initiatives such as Clanker and the Virtuals Protocol meme trend has further enhanced its appeal.
The success of the network is also related to its Connection to Coinbase. As a platform backed by a $73 billion company, Base benefits from a large user base and resources designed to simplify dApp interactions while increasing scalability.
this position according to As a leading competitor in the Ethereum Layer-2 field, it has surpassed competitors such as Optimism.
Disclaimer
follow trust project BeInCrypto is committed to fair and transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on the content of this article. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
