The demand for utility coins is growing as the ongoing crypto bull cycle reaches its latter stages.
The recent success of Donald Trump’s World Liberty Financial (WLFI) and the Pump.fun (PUMP) token has further highlighted investor appetite for tokens that offer clear functionality and strong community-driven growth narratives.
Now, Coinbase’s layer-2 network Base could launch its native token. Creator Jesse Pollak confirmed at the recent BaseCamp conference that the team has started exploring the idea, marking a shift from its earlier stance of having no token plans.
Coinbase co-founder Brian Armstrong has confirmed the update, stating that the move could be a great tool for accelerating decentralization and expanding creator and developer growth in the ecosystem.
The Base token will not go live in 2025. However, the rapidly growing multi-chain crypto wallet Best Wallet has already launched its native token. $BEST has already raised nearly $16 million in its ICO, with many experts calling it the next 10x crypto.
Summary
Base Explores Native Token Launch: How Successful Could It Be?
Coinbase’s layer-2 network Base has taken its first steps toward launching a native token. At the recent BaseCamp conference, creator Jesse Pollak confirmed that the team is actively exploring the idea, a shift from earlier statements that there were no token plans.
Pollak promised that the token would be built on Ethereum and would prioritize transparency and decentralization.
While no details have been finalized on the design or timeline, the announcement alone has ignited discussion across the crypto community.
Analysts note that if Base proceeds, it will be one of the most high-profile token launches of the cycle, following a pattern seen with other major ecosystems that eventually issued their own native assets.
Market observers have been quick to speculate on the potential scale of such a launch. 1Confirmation’s Nick Tomaino claims that Base’s native token could become one of the top 5 largest cryptos by market cap “if done right”.
He claims that no VC or insider deals and a transparent airdrop could make it a massive success.
Crypto influencer Headboy claims that the Base coin could have a starting fully-diluted valuation of $5 billion to $10 billion, highlighting that $LINEA debuted with a $3 billion FDV despite much lesser onchain success.
Indeed, Base already boasts $5 billion in total value locked, $4 billion in stablecoin market cap, and daily revenues of around $100,000.
Still, there are questions about how a Base token would fit alongside Coinbase’s existing equity structure. Some analysts warn that tensions could emerge between COIN shareholders and potential Base token holders if the utility and value proposition are not clearly defined.
Is The Best Wallet Token The Next 10x Crypto?
While the Base token is still in its exploratory phase, the new Best Wallet Token is quickly establishing itself as one of the best utility coins to buy.
Best Wallet has already impressed investors with a strong multi-chain, non-custodial offering with privacy, utility, and growth. It supports over 60 blockchains, has no KYC requirement, and boasts cutting-edge security.
Besides the traditional wallet capabilities, Best Wallet is branding itself as the one-stop shop for all things crypto. For instance, its “Upcoming Tokens” feature allows users to buy the trendiest presale cryptos and new meme coins without leaving the app.
Similarly, its upcoming features include a crypto debit card, an NFT gallery, a staking aggregator, derivatives trading, market intel analytics and more.
Unsurprisingly, Best Wallet surpassed the 500,000 user mark within 3 months of its launch and regularly sees over 200,000 monthly users. It has recorded a 630% growth in its app installation, a sign of explosive adoption.
Its native token, $BEST, has already raised nearly $16 million in its ICO. Token holders benefit from early access to new cryptos, reduced transaction fees, higher staking rewards and participation in community governance.
Prominent analysts are bullish on the native token’s upside potential, with many calling it the next 10x crypto.
Visit Best Wallet Token Presale
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