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

Base, the Ethereum Layer-2 network incubated by Coinbase, is shifting its stance on ￰3￱ BaseCamp 2025 in Stowe, Vermont, Base creator Jesse Pollak said the project is “beginning to explore” the launch of a network token , marking a reversal from Coinbase’s long-held position that no token was ￰4￱ exploration of a network token comes on the heels of Linea’s token generation event last week , which saw Consensys’ Layer-2 network distribute more than 9.3 billion LINEA tokens to eligible ￰5￱ launch sparked speculation that Base could pursue a similar path, though Coinbase has stressed that no decisions have been ￰6￱ Considers Token Path After Linea’s $LINEA Airdrop Pollak emphasized that Base remains in the early stages of exploration, with no specifics yet on design, governance, or timing.

“Base is a bridge, not an island,” he said during the livestreamed event, showing the network’s vision of deeper connectivity within the Ethereum ￰7￱ the project cautioned that there are “no definitive plans” for a token, it described the shift as part of a broader philosophical update, seeking to accelerate decentralization and expand opportunities for builders and creators. We’re exploring a Base network ￰8￱ could be a great tool for accelerating decentralization and expanding creator and developer growth in the ￰9￱ be clear, there are no definitive plans. We’re just updating our ￰10￱ of now, we’re exploring it. ￰0￱ — Brian Armstrong (@brian_armstrong) September 15, 2025 Launched in 2023, Base was designed as a secure, low-cost, developer-friendly ￰11￱ now, Coinbase has argued that a token was not necessary to achieve those goals.

However, with the network’s recent milestones, such as sub-second, sub-cent transactions and a growing developer ecosystem, leaders say they are rethinking their approach as Base positions itself to play a central role in a global on-chain ￰12￱ the token discussion, Base announced new initiatives at ￰13￱ update was the debut of an open-source bridge between Base and Solana, intended to allow seamless interoperability between ERC-20 and SPL tokens. We've built a bridge. @solana ⇌ @base. pic. twitter.

com/6eacx3yMap — Coinbase (@coinbase) September 15, 2025 The bridge , now live on testnet, will allow users to move assets across chains, deposit and use SOL in Base applications, and expand liquidity for both ￰14￱ is expected to launch on the mainnet in the coming ￰15￱ also unveiled updates to its builder programs and ￰16￱ second round of Base Batches , set to begin on September 29, will provide funding, mentorship, and global distribution to developers, culminating in a demo day at Devconnect in Argentina. Meanwhile, the Base app, an “everything app” combining social networking, payments, trading, and app discovery, has drawn over 1 million people to its waitlist since its invite-only beta in ￰17￱ to the project, more than $500,000 in creator earnings have already been paid out through the ￰18￱ Hits $5B TVL, Weighs Token Plans Amid Network Milestone The tokenization announcements come as Base reaches a new milestone in ￰19￱ to DeFiLlama , the network’s total value locked (TVL) recently hit an all-time high of $5.06 billion before falling to $4.99 billion earlier in the day, making it the sixth-largest blockchain by ￰20￱ protocols Morpho and Aave account for more than 60% of that figure, while stablecoins on the network hold a combined market capitalization of $4.3 ￰21￱ also recorded over 971,000 active addresses in 24 hours, with $21.1 billion in bridged assets.

However, Coinbase’s Base network faced its first major disruption on August 5 , when block production halted for over 30 ￰22￱ outage temporarily affected deposits, withdrawals, and Flashblocks functionality. @base network releases 33-minute outage report revealing sequencer handover failure during high activity period as token launches hit 54,000 daily amid growth surge. #Base #Blockchain ￰1￱ — ￰23￱ (@cryptonews) August 6, 2025 Base later confirmed the cause was a failed sequencer handover within its high-availability ￰24￱ on-chain activity spiked, the active sequencer fell behind, prompting an automated system called Conductor to shift control to a ￰25￱ handoff failed because the new sequencer was still being provisioned, leaving the network unable to produce blocks until the team manually ￰26￱ incident comes as Base experiences record ￰27￱ network recently overtook Solana in daily token launches, with more than 54,000 new tokens created on July ￰28￱ the relaunch of its app, which integrates platforms like Zora and Farcaster, Base has seen 1.6 million tokens deployed and nearly 3 million traders generating around $470 million in volume.

However, in recent months, Base has continued to expand its ￰29￱ introduces Flashblocks, Smart Wallet Sub Accounts, and Appchains at #ETHDenver2025 , enhancing speed, usability, and scalability for developers. #Base #Crypto #Layer2 ￰2￱ — ￰30￱ (@cryptonews) February 27, 2025 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 user ￰31￱ network also acquired the development team behind privacy-focused project Iron Fish to enhance its zero-knowledge capabilities.