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Coinbase's Layer 2 Blockchain Base Has No Plans to Issue Network Tokens, According to Newly Released Roadmap

Coinbase has launched a testnet for its own Layer 2 blockchain called Base, but has clarified that it has no plans to launch a token for the blockchain. The Base roadmap confirms that it will operate like most other Ethereum Layer 2 blockchains, using ETH as a way to conduct transactions and pay for gas fees.

Coinbase is focusing on builders on the chain and undertaking reviews and audits to ensure stability as it prepares for the mainnet launch. However, Coinbase will face stiff competition in the L2 market from other L2s that are already live on the mainnet, such as Optimism and Arbitrum.

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