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Base Now “Exploring” a Network Token – Is a Massive Airdrop Imminent?

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Base, the Ethereum Layer-2 community incubated by Coinbase, is shifting its stance on tokenization.

At BaseCamp 2025 in Stowe, Vermont, Base creator Jesse Pollak stated the challenge is “starting to discover” the launch of a network token, marking a reversal from Coinbase’s long-held place that no token was deliberate.

The exploration of a community token comes on the heels of Linea’s token generation event last week, which noticed Consensys’ Layer-2 community distribute greater than 9.3 billion LINEA tokens to eligible customers.

The launch sparked hypothesis that Base may pursue a comparable path, although Coinbase has harassed that no selections have been made.

Coinbase Considers Token Path After Linea’s $LINEA Airdrop

Pollak emphasised that Base stays within the early levels of exploration, with no specifics but on design, governance, or timing.

“Base is a bridge, not an island,” he stated in the course of the livestreamed occasion, displaying the community’s imaginative and prescient of deeper connectivity inside the Ethereum ecosystem.

While the challenge cautioned that there are “no definitive plans” for a token, it described the shift as a part of a broader philosophical replace, in search of to speed up decentralization and develop alternatives for builders and creators.

Launched in 2023, Base was designed as a safe, low-cost, developer-friendly chain. Until now, Coinbase has argued that a token was not crucial to attain these objectives.

However, with the community’s latest milestones, similar to sub-second, sub-cent transactions and a rising developer ecosystem, leaders say they’re rethinking their method as Base positions itself to play a central function in a world on-chain economic system.

Alongside the token dialogue, Base introduced new initiatives at BaseCamp. One replace was the debut of an open-source bridge between Base and Solana, supposed to permit seamless interoperability between ERC-20 and SPL tokens.

The bridge, now stay on testnet, will enable customers to maneuver belongings throughout chains, deposit and use SOL in Base purposes, and develop liquidity for each ecosystems. It is predicted to launch on the mainnet within the coming weeks.

Base additionally unveiled updates to its builder applications and merchandise. The second spherical of Base Batches, set to start on September 29, will present funding, mentorship, and world distribution to builders, culminating in a demo day at Devconnect in Argentina.

Meanwhile, the Base app, an “all the things app” combining social networking, funds, buying and selling, and app discovery, has drawn over 1 million individuals to its waitlist since its invite-only beta in July.

According to the challenge, greater than $500,000 in creator earnings have already been paid out via the platform.

Base Hits $5B TVL, Weighs Token Plans Amid Network Milestone

The tokenization bulletins come as Base reaches a new milestone in adoption. According to DeFiLlama, the community’s whole worth locked (TVL) just lately hit an all-time high of $5.06 billion earlier than falling to $4.99 billion earlier within the day, making it the sixth-largest blockchain by TVL.

Lending protocols Morpho and Aave account for greater than 60% of that determine, whereas stablecoins on the community maintain a mixed market capitalization of $4.3 billion.

Base additionally recorded over 971,000 lively addresses in 24 hours, with $21.1 billion in bridged belongings.

However, Coinbase’s Base community faced its first major disruption on August 5, when block manufacturing halted for over half-hour. The outage briefly affected deposits, withdrawals, and Flashblocks performance.

Base later confirmed the cause was a failed sequencer handover inside its high-availability cluster. As on-chain exercise spiked, the lively sequencer fell behind, prompting an automatic system referred to as Conductor to shift management to a backup.

The handoff failed as a result of the brand new sequencer was nonetheless being provisioned, leaving the community unable to supply blocks till the crew manually intervened.

The incident comes as Base experiences document adoption. The community just lately overtook Solana in day by day token launches, with greater than 54,000 new tokens created on July 27.

Since the relaunch of its app, which integrates platforms like Zora and Farcaster, Base has seen 1.6 million tokens deployed and practically 3 million merchants producing round $470 million in quantity.

However, in latest months, Base has continued to develop its infrastructure.

At ETHDenver in February, it unveiled Flashblocks to reduce block times to 200 milliseconds, Base Appchains for high-traffic dApps, and Smart Wallet Sub Accounts to simplify person onboarding.

The community also acquired the development team behind privacy-focused project Iron Fish to reinforce its zero-knowledge capabilities.

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