In an interview with Decrypt, oinbase">Coinbase CEO Brian Armstrong confirmed the company has no intentions to create a native token for Base, its layer-2 network built on Ethereum’s Optimism.
Base launched in August and has quickly grown to hold nearly $500 million in total value locked as the 3rd largest layer-2, touting over 1 million wallets.
But Armstrong said Base is meant to integrate with the broader crypto ecosystem, not just serve oinbase">Coinbase’s interests. He wants it driven by community adoption.
The CEO did set ambitious speed and cost targets for oinbase">Coinbase transactions using scaling solutions like Base. He sees layer-2 integration as a multi-year priority toward that performance goal.
While exchanges like Kraken and OKX eye proprietary layer-2 networks, Armstrong warned against fragmentation. He advocates consolidating on one or two universal solutions allowing seamless dapp operation.
oinbase">Coinbase’s Base game plan favors interoperability over isolationist incentives, aiming to accelerate overall layer-2 adoption across crypto.
