Base, the Ethereum Layer 2 network developed by Coinbase, is exploring the possibility of issuing a native network token, according to its creator Jesse Pollak.
Speaking at the BaseCamp event on Monday, Pollak said: “We’re going to be exploring a network token. I will be up front with you all, it’s early.” He emphasized that there is no set timeline for the token’s release but confirmed that it would be built on Ethereum and developed in consultation with regulators.
Base is beginning to explore a network token
We’re in the early phases of exploration, and don’t have any specifics to share around timing, design, or governance. We’re committed to bringing the community along with us, and building in the open. pic.twitter.com/KUKzrfjzXT
— Base (@base) September 15, 2025
Coinbase and Base statements
Coinbase, which launched Base in 2023, had initially said it had “no plans to issue a network token.” However, in a statement on Monday, the company confirmed: “Yes, Base is exploring a network token, but has no definitive plans. We’re exploring how a network token could help us accelerate our joint mission.”
Base expanded on this in its own communication, noting that a token had not been necessary to reach its early goals of creating a secure, low-cost, developer-friendly ecosystem. But with transaction costs now consistently under a cent and adoption growing, the team said it was reconsidering its philosophy.
According to Base, a network token could accelerate decentralization, expand community participation, and create new opportunities for builders and creators.
Growth of Base
Since its launch, Base has seen significant adoption. The network now holds more than $5 billion in total value locked (TVL), with $1.7 billion added in 2025 alone, according to data from L2Beat. This makes Base the second-largest Layer 2 network, trailing only Arbitrum.
