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Coinbase launched Base, an Ethereum layer-2 network, to onboard billions into the cryptoeconomy. Built on OP Stack, Base offers faster, cheaper transactions while leveraging Ethereum’s security. Unlike other layer-2 networks, Base has no native token.
- Base uses optimistic rollups to reduce Ethereum gas fees while maintaining security.
- The network hosts 492 DeFi protocols, including Aerodrome and Uniswap, with $2.8B TVL.
- Coinbase confirms no plans for a native Base token, relying solely on Ethereum for transactions.
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