Mapping Out Base Ecosystem

Base is an optimistic layer-2 rollup that introduced its testnet in February 2023 and launched its highly anticipated mainnet in August 2023. Despite many speculations, Coinbase has no plan to release a native token. To understand how Base fits in Coinbase's overall strategy, read this analysis.

Base's launch attracted much attention from DeFi users, with transaction volumes matching and later surpassing those of Arbitrum and Optimism, exacerbated by the social token trading platform Friend.tech.