What Is Base? The Ethereum Layer-2 Network Launched by Coinbase
Decrypt
by Logan HitchcockFebruary 19, 2026
AI-Generated Deep Dive Summary
Coinbase’s Base is an Ethereum layer-2 network designed to bridge users into the cryptoeconomy by offering cheaper, faster transactions while maintaining the security of Ethereum’s mainnet. Launched in 2023, Base aims to onboard billions of users and developers, providing a scalable solution for decentralized applications (dapps) across gaming, social platforms, and DeFi. Unlike many layer-2 networks, Base does not currently have a native token but uses Ethereum as gas tokens for transactions. While Coinbase has explored the possibility of introducing a network token, it remains in early stages with no concrete plans yet.
The platform is already home to over $3.78 billion in total-value-locked (TVL) across its DeFi ecosystem, which includes major players like Uniswap and AAVE. Base’s gaming sector is also thriving, offering a variety of applications that cater to the growing demand for interactive blockchain experiences. The network’s open-source nature and interoperability make it a bridge between different crypto ecosystems, fostering collaboration and innovation.
For developers, Base offers grants and funding opportunities to support building on its platform. Coinbase emphasizes its commitment to transparency and community-driven development, aiming to avoid becoming a walled-off ecosystem. This approach positions Base as a decentralized hub that prioritizes user and developer freedom, aligning with the broader vision of Web3.
As the cryptoeconomy continues to grow, Layer-2 solutions like Base play a critical role in scaling Ethereum while addressing its high gas fees and slow transaction times. By focusing on accessibility and affordability, Base has positioned itself as a key player in the race to onboard mainstream users. Its open
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Originally published on Decrypt on 2/19/2026