Research by Blockchain Blockchain releases native token, says creator Jesse Pollak

Base, the Layer-2 blockchain Developed by Coinbase (Coins)is the exploration of the release of a native token, a step that can spur a spike in activity with what is the second largest L2 as users are trying to ensure eligibility for a potential airdrop.

“We will explore a network token,” network creator Jesse Pollak, told the Event in Basecamp on Monday.

“I was in front of Y’all, early on,” he added as he gathered expectations to the timing of a possible release.

When Base dedicated to 2023, Coinbase said he had no plans to issue a token. It is unclear whether what is considered will now be a standard management token or if it will have an on-chain utility. The base focuses on developing the token in the Ethereum and cooperating with regulators in issuance and distribution, Pollak said.

“As a US company, we focus on working with regulators and lawmakers, and doing it right,” he said.

The base earns $ 5 billion in total amount locked (TVL) Because it was introduced, with $ 1.7 billion added in 2025 only. This is the largest Layer-2 network behind TVL’s arbitrum, according to L2Beat.

Layer-2’s largest token is currently mantle (Mnt) with a market cap of $ 5.3 billion across Only $ 219 million The amount of capital locked in the network. That is almost double the value of tokens from Polygon, Arbitrum and Optimism – three of the best known 2S layers – whose native tokens cost between $ 1.3 billion and $ 2.7 billion.

Although TVL is smaller, Base has Seven times the number of user operations per second (Uops) Rather than the arbitrum, and the most wonderful -amplitude is the transaction number in the past 30 days: 328 million transactions sent to the base, the dwarfing arbitrum’s 77 million.

Both Ethereum Mainnet eclipse, whch facilitates fewer than 50 million transactions at the same time.

Update (September 15, 16:12 UTC): Adds context to the whole, along with data use data points.