Base Blockchain Tokenomics: Native Token or Not?
Introduction As Layer 2 (L2) networks proliferate across the Ethereum ecosystem, each brings its own economic design, governance strategy, and incentive mechanism. Base, the L2 blockchain developed by Coinbase and built using the OP Stack, takes a notably unconventional approach: it has no native token. This article explores Base’s tokenomic philosophy in depth, analyzes the design decision from multiple angles, and reflects on its long-term implications for decentralization, governance, and ...
Base Blockchain Tokenomics: Native Token or Not?
Introduction As Layer 2 (L2) networks proliferate across the Ethereum ecosystem, each brings its own economic design, governance strategy, and incentive mechanism. Base, the L2 blockchain developed by Coinbase and built using the OP Stack, takes a notably unconventional approach: it has no native token. This article explores Base’s tokenomic philosophy in depth, analyzes the design decision from multiple angles, and reflects on its long-term implications for decentralization, governance, and ...
