Company Exploring the Possibility of Creating a Network Token
Base Network, a leading player in the decentralized finance (DeFi) space, has announced its plans to introduce a native token as part of a broader strategy to attract long-term developers, improve liquidity, and extend the idea of a decentralized global economy.
The decision was made public at BaseCamp 2025, held in Stowe, Vermont. During the event, Coinbase also announced the development of a native token for the Base network.
The move comes as Base Network grapples with several challenges. In 2025, the network has seen a significant money outflow of $5.7 billion, indicating an issue with liquidity. Additionally, concerns have been raised about Base Network outages, particularly related to its centralized sequencer design.
To address these issues, Base is contemplating starting a native Base token, a departure from its previous policy of no-token. The token would incentivize long-term builders by rewarding significant infrastructure and sticky applications. Token rewards could help retain liquidity, preventing Base from being perceived as an intermediate location in the DeFi universe.
The introduction of a native token could onboard millions of people to play, earn, and build on Base. Moreover, the token could help improve user retention, which has been a challenge for Base due to the lack of sustained excitement generated by meme coin surges and DEX integrations.
Base Network is currently at Phase 1 of Vitalik Buterin's rollup decentralization roadmap, using permissionless fraud proofs. To further decentralize rapidly, Base is considering a community-controlled token.
In a bid to enhance interoperability, Base has announced the release of an open-source bridge to Solana. This bridge will turn Base into a bridge rather than an island, aligning with its long-term vision of becoming the interoperable medium of the global on-chain economy. Asset transfer of Solana-based assets to Base is possible with the bridge, and the bridge will be ERP20 - SPL interoperable, allowing for transferring funds and making payments in SOL in any Base app.
Base had accomplished its target of sub-second, sub-cent transactions. The bridge, with its seamless multichain user experiences, is expected to further enhance the network's efficiency and attract more developers and users.
Despite growth in Total Value Locked (TVL), the network has witnessed a significant outflow of funds, with majority going back to Ethereum. The introduction of a native token could potentially reverse this trend and keep funds within the Base ecosystem.
The announcement of the native token and the open-source bridge to Solana marks a significant step forward in Base Network's mission to create a decentralized global economy. The new developments are expected to bring about a more robust, user-friendly, and interoperable Base Network.
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