Coinbase is exploring a network token for its Ethereum layer-2 solution, Base. The announcement, which came today during BaseCamp 2025 in Stowe, Vermont, marks a significant shift from the company’s previous stance that it had no plans to launch a token.
According to Coinbase on X, “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.” This signals a new phase for Base as it seeks to expand beyond being a secure and affordable blockchain.
Previously, Coinbase repeatedly said it had no plans to launch a token. However, with Base now achieving sub-second, low-cost transactions and rapid growth, the company sees a token as a potential driver of decentralization and community participation.
Bridge between Base and Solana
In a blog post, Coinbase announced an open-source bridge between Base and Solana. This tool will allow users to move assets seamlessly between the two chains.
Consequently, users will be able to deposit and use SOL within Base apps or bring Solana assets into Base. Builders will gain access to broader liquidity and a larger audience. The bridge is live on testnet and will roll out on mainnet in the coming weeks.
Coinbase also stressed Base’s vision of being the center of the global onchain economy. The exchange aspires to do away with siloed ecosystems by interconnecting chains, such that there is frictionless engagement for builders and users.
Boosting developer growth
According to the announcement, the Base Batches 002 developer program will kick off on September 29. The program is designed to guide developers through building their projects. It offers mentorship, funding, and global exposure to help turn fresh ideas into fully developed products.
Earlier this year, the first Base Batches program brought together 5,000 developers from over 100 countries. Coinbase supported these builders by providing more than $1 million in funding, helping many projects come to life.
Additionally, over a million people have joined the waitlist for the Base App beta. Among the test users, 40% have already interacted with tiny apps, and app developers have made $500,000 so far.
The exploration of a network token, the introduction of a cross-chain bridge, and continued support for developers highlight Coinbase’s ambition to build a decentralized and interconnected on-chain ecosystem.
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