When Coinbase launched Base in 2023, it made a deliberate decision: no native token. Base positioned itself differently. It leaned on Coinbase’s reputation, regulatory caution, and massive user base to fuel adoption without the distractions of tokenomics. And it worked. In just two years, Base has become one of the most culturally vibrant Ethereum Layer-2 networks.

When Coinbase launched Base in 2023, it made a deliberate decision: no native token. Base positioned itself differently. It leaned on Coinbase’s reputation, regulatory caution, and massive user base to fuel adoption without the distractions of tokenomics. And it worked. In just two years, Base has become one of the most culturally vibrant Ethereum Layer-2 networks.