Coinbase Considers Native Token for Base Network Amid Growing Adoption

Coinbase is exploring the idea of creating a Base network token, a move that could reshape how the Ethereum layer-2 platform grows and engages its community. Jesse Pollak, the founder of Base, revealed at the recent BaseCamp event that discussions around a token have officially begun, even though nothing is finalized.

This represents a noticeable shift in Coinbase’s stance.The exchange had firmly denied plans for a token tied to Base, but it now signals openness to the idea, showing a broader mindset change within its leadership despite having no design, timeline, or structure confirmed.

Why Coinbase Is Considering a Token

The primary reason for a potential Base network token is growth. Pollak explained that such a token could encourage more developers and users to join the ecosystem. It could also strengthen community governance, giving stakeholders greater influence over how the network evolves.

Since Base is built on Ethereum, any token would be native to that chain, aligning with its decentralized foundation. Pollak emphasized that the team wants to avoid rushing, noting that “the purpose, governance, and rollout of the token” are still under discussion.

Where Base Stands Today

Launched in 2023, Base has quickly become one of the most active Ethereum layer-2 networks. It was designed to offer faster and cheaper transactions, making it attractive for developers and decentralized applications.

Currently, Base has around $5 billion in total value locked (TVL), much of which has accumulated in 2025 alone. Despite this strong growth, the network still lacks its own token, relying instead on ETH for gas fees.

This progress has naturally fueled speculation about when — or if — a token might arrive. Coinbase’s recent openness suggests that the question is no longer “if” but “how and when.”

A Transparent and Compliant Approach

Both Pollak and Coinbase CEO Brian Armstrong stressed that the process must be open, transparent, and compliant. That means involving the community in discussions while working closely with regulators to avoid legal complications.

Armstrong framed the development as more of a “mindset change” rather than a concrete step, noting that no firm plans have been made. However, Coinbase’s public acknowledgment of these conversations signals a willingness to lay the groundwork for the future while avoiding missteps with securities laws.

Key Challenges Ahead

Despite the excitement, Coinbase faces several hurdles before a Base token could launch:

• Clear Purpose: Without a well-defined utility, the token risks becoming a speculative distraction rather than a tool for governance and growth.

• Regulatory Risks: Securities law compliance will be critical. Any misstep could slow or even block the project.

• Fair Process: Coinbase must ensure that any distribution model rewards the developers and users who are building long-term value.

These challenges highlight why Coinbase has been careful to frame the idea as “exploration” rather than a decision.

Community Response

Reactions from the crypto community have been mixed but mostly positive. Many developers see a potential Base network token as a way to increase ownership, participation, and incentives. Others remain cautious, waiting to see how seriously Coinbase follows through.

The community has welcomed these public discussions as a sign of transparency and maturity, distinguishing Base from projects that launch tokens with little notice or purpose.

What’s Next for Base

For now, everything remains uncertain. Coinbase and the Base team will need to address key issues such as token design, governance, and legal frameworks. They will also have to continue engaging with regulators and the community to ensure buy-in.

If successful, a Base token could significantly expand the network’s reach, attract more developers, and enhance its role as one of Ethereum’s leading layer-2 platforms. However, the risks — from regulatory hurdles to unclear utility — remain significant.

As the discussions unfold, one thing is clear: Coinbase is opening the door to possibilities that could redefine how Base operates and how communities interact with blockchain infrastructure.

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