Base — Coinbase Brings Mainstream Onchain
Base is Coinbase's own Layer 2, built on the OP Stack. The twist: no native token. Fees are paid in ETH. Coinbase instead earns revenue as the sequencer operator.
Why Base Is Different
Base has something most L2s lack: direct access to millions of Coinbase users. Integration into the Coinbase wallet and app drastically lowers the onboarding barrier. The goal: crypto for people who don't need to know the word "blockchain."
No Token — What Are You Buying?
Since Base has no native token, Base ecosystem coins are DeFi protocols, meme coins and infrastructure tokens running on Base. Success depends on Base ecosystem growth — and indirectly on Coinbase's strategy and regulatory standing.
