Created by Coinbase, the BASE network has attracted the attention of the cryptocurrency world due to its rapid expansion and strong financial metrics. The possibility of launching a token is being considered.
Origin of BASE Network
The BASE network was launched without a native token, a decision made due to regulatory constraints imposed by Gary Gensler that limited industry initiatives. This decision came during a less flexible phase in the U.S. cryptocurrency market.
Unique Features of BASE Coin
Coinbase initially stated that there would be no token accompanying its Ethereum Layer 2 solution. Had the regulatory environment been more favorable, the company might have pursued this avenue for substantial revenue opportunities. Now, the BASE network shows impressive financial results: total value locked is $5 billion, with stablecoins accounting for $4.3 billion of that total.
Future Prospects for the Token
Jesse Pollak, head of the BASE ecosystem, indicated they are considering the launch of a token. Currently, the network generates over $115,000 daily from transaction fees, exceeding many well-known blockchains. DEX volume has reached $1.27 billion, and the number of active addresses on the platform is nearing one million within a 24-hour period. These indicators suggest that the introduction of a BASE token could significantly boost interest in the crypto sector. Coinbase confirms it is considering a token launch and exploring how it could accelerate their shared mission, but no specific plans or timeline have been established yet.
The introduction of a BASE token could significantly impact Coinbase's influence in the crypto landscape, driving interest among market participants. Anticipation regarding the company's next moves remains high.
