In a recent announcement on X (formerly Twitter), Brian Armstrong, the CEO of US-based cryptocurrency exchange Coinbase, revealed that the company is actively considering a token launch for Base, its Ethereum (ETH) layer-2 (L2) network. 

Coinbase’s Base Network Takes Steps Toward Token Launch 

Armstrong articulated that the potential introduction of a network token could serve as a “powerful tool” to accelerate decentralization and foster growth among creators and developers within the ecosystem. 

Following the firm’s BaseCamp 2025 event in Vermont, the executive emphasized the importance of building in the open, stating that the exploration of this token aligns with their commitment to transparency and community engagement.

Accompanying Armstrong’s announcement, the Base network published a blog post confirming its intention to explore a network token. The post highlighted that this exploration is in its early stages and does not come with definitive plans at this moment

In addition to the token exploration, the blog post also unveiled an open-source bridge designed to enhance interoperability between Base and the Solana (SOL) blockchain as part of a broader initiative to facilitate seamless interactions across different chains. 

No Definitive Plans Yet

When Base originally launched, its focus was clear: to establish a developer-friendly ecosystem capable of executing secure transactions at low costs. The introduction of a network token<

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Author: Ronaldo Marquez