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Base Explores Native Token for Decentralization

by Ouess
written by Ouess

In a major strategic shift, Coinbase’s Layer-2 network, Base, is officially exploring the creation of a native token. The announcement, made during the “State of Base” livestream, marks a reversal from previous denials and has sparked widespread excitement in the crypto community.

Why the Change of Heart?

Jesse Pollak, Head of Protocols at Coinbase and creator of Base, revealed the news. He explained that the network is in the early stages of examining how a token could help further decentralize the chain and reward its growing community.

Pollak linked this new direction to evolving U.S. crypto policies under the Trump administration. He suggested a more relaxed regulatory environment could now make such a launch feasible. This focus on regulation is key, as Coinbase is currently challenging the SEC in court over deleted documents.

The Potential for a Massive Airdrop

Crucially, no specific details were released about the token’s timing, governance, or distribution. However, Pollak emphasized that Base intends to build the process transparently with full community involvement.

His comments immediately fueled speculation about a potential airdrop for early users, builders, and possibly even Coinbase shareholders. Many across crypto are now predicting it could become one of the biggest airdrops of 2025.

Strengthening Connectivity with a Solana Bridge

Alongside the token news, Base announced plans to build a new bridge to Solana. Pollak stated that this bridge is a crucial milestone for creating a truly interconnected global economy on-chain.

He positioned Base as an advocate for open connectivity, asserting that collaboration between chains is essential for crypto’s future. This move aims to strengthen the ecosystem for users of both networks.

Showcasing Rapid Ecosystem Growth

The livestream also highlighted Base’s impressive growth. Pollak showcased its strong performance in the NFT space, where it recently ranked third overall in trading volume.

He also reinforced Base’s key role in Ethereum’s scaling roadmap via the Superchain initiative. This project aims to unite multiple Layer-2 chains into a single, cohesive ecosystem.

The news already impacted the market, with several Base-linked tokens like $AVNT, $NOICE, and $ZKC surging in price. As Base continues to decentralize, Pollak concluded that user-centric design and regulatory alignment will remain its top priorities.

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DeFi

Base Network Joins Elite $1B TVL Club on Aave

by Ouess
written by Ouess

Coinbase’s Base network has officially entered the big leagues, surpassing $1 billion in Total Value Locked (TVL) on Aave. This milestone places Base alongside heavyweights like Ethereum, Arbitrum, and Avalanche in Aave’s exclusive billion-dollar club.

What’s Driving Base’s Growth?

Three key assets are fueling Base’s Aave dominance:

  1. Wrapped staked Ethereum ($weETH)
  2. Native Ethereum ($ETH)
  3. Coinbase’s tokenized Bitcoin ($cbBTC)

These assets create a powerful mix that attracts both liquidity providers and yield seekers to Base’s ecosystem.

Why DeFi Users Are Flocking to Base

The network offers compelling advantages:

  • Ultra-low gas fees (fractions of Ethereum mainnet costs)
  • Blazing-fast transactions (thanks to Layer-2 scaling)
  • Direct Coinbase integration (easy fiat on-ramps)
  • Growing asset diversity (appealing to institutional players)

The Current DeFi Landscape

While Ethereum still dominates with $48.9 billion TVL on Aave, Base is quickly climbing the ranks:

  1. Ethereum ($48.9B)
  2. Arbitrum ($1.8B)
  3. Avalanche ($1.2B)
  4. Base ($1B+)

What This Means for DeFi’s Future

Base’s rapid rise signals:
✅ Strong institutional interest in Layer-2 solutions
✅ Growing trust in Coinbase-backed infrastructure
✅ More competition driving innovation across DeFi

As CryptoRank.io noted, this milestone cements Base’s position as a serious contender in decentralized finance.

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Altcoin

Cardano’s Comeback? Coinbase Launches Wrapped ADA on Base

by Ouess
written by Ouess

While ADA has struggled recently, dropping 24% monthly, new developments suggest a potential trend reversal may be brewing. Here’s what could power Cardano’s comeback.

1. Coinbase Brings ADA to Ethereum Ecosystem

  • cbADA launched on Coinbase’s Base network
  • 1:1 backed by real ADA in custody (proof-of-reserves)
  • Enables ADA use on Uniswap, PancakeSwap, Aerodrome
  • Bridges Cardano to Ethereum’s DeFi ecosystem

2. Midnight’s Glacier Drop Airdrop Coming

  • Cardano’s privacy-focused sidechain prepping NIGHT token
  • Airdrop requires Cardano network interaction
  • Could drive short-term activity surge
  • NIGHT trading may bring new liquidity to ecosystem

3. Technical Setup Shows Rebound Potential

  • RSI at 36 (nearing oversold, starting to rise)
  • Bollinger Bands narrowing (volatility squeeze)
  • Key resistance: $0.60-$0.62 (break could target $0.70)
  • Critical support: $0.55 (loss may lead to $0.52 test)

Current ADA Market Snapshot

  • Price: $0.571 (-2% daily)
  • Volume: $586M (-1.7%)
  • Open Interest: $724M (-2.15%)
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Altcoin

Base Overtakes Arbitrum as Top Ethereum L2

by Ouess
written by Ouess

Base overtakes Arbitrum to become the largest Ethereum Layer-2 (L2) scaling solution by total value secured (TVS). Developed by Coinbase, Base has not only surged ahead in value but also reached a new technical milestone—transitioning from a Stage 0 to a Stage 1 rollup.

Base Rises to Stage 1 and the Top Spot

In the L2Beat rankings, Base has surpassed Arbitrum One. A recent $557 million jump in total value locked (TVL) pushed its lead to over $710 million in TVS.

This momentum comes as Base transitions to Stage 1 maturity, meaning it now features smart contract-based governance. While a security council remains in place for emergencies, this marks a clear step toward greater decentralization.

https://twitter.com/jessepollak/status/1917731200086823412

Vitalik Buterin Endorses Base’s Progress

Ethereum co-founder Vitalik Buterin has long pushed for Layer-2s to move beyond centralized control. In September, he warned that L2s stuck in Stage 0 risk failure unless they evolve.

https://twitter.com/VitalikButerin/status/1834061075970683367

Base’s upgrade to Stage 1 effectively removes it from this risk category. Buterin welcomed the project with a message:
“Welcome to the full-EVM stage 1 gang Base.”

He described Stage 1 as a balanced decentralization milestone. It requires at least 26% of the security council to be independent of the rollup team, helping to shift L2 trust away from centralized multisigs and toward cryptographic systems.

Base’s Ecosystem Is Expanding Fast

This isn’t the first time Base has challenged Arbitrum. In September, Base’s TVL shot past $2 billion after 400% growth. At the time, it closed in on Arbitrum’s $2.6 billion lead.

Base L2 Protocols. Source: DefiLlama

Now, with the lead secured, Base continues to grow.

  • Aerodrome leads Base’s ecosystem with $830 million in TVL.
  • Other major protocols include Morpho, Aave, and Uniswap.

Base’s rise reflects broader success in Coinbase’s L2 strategy, which emphasizes on-chain creativity and mainstream adoption.

Arbitrum Still Struggling After Major Decline

While Base climbs, Arbitrum continues to recover from an 80% drop in value. Although its TVL remains high, key setbacks have included a failed bid for the Nvidia accelerator program.

Efforts to stabilize the network include token buybacks and renewed community engagement.

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DeFi

Content Coins on Base: Meme or Meaningful Movement?

by Ouess
written by Ouess

A new trend is gaining momentum in the crypto world—content coins on Base. These tokens are making waves as digital assets that blend culture, virality, and on-chain permanence. While some hail them as a fresh form of expression, others argue they’re just meme coins with better branding.

🤔 What Are Content Coins?

Content coins are digital tokens created to represent a specific piece of content. According to Jesse Pollak, founder of Base, “the coin is the content, and the content is the coin.”

They often launch on platforms like Zora, and their value isn’t tied to utility or fundamentals. Instead, it’s built on cultural significance, viral potential, or meme appeal.

In other words, they’re not backed by tech—they’re backed by attention.

💬 Critics Say: Just Another Meme Coin?

Despite the buzz, critics aren’t sold. Crypto user Kash (@kashdhanda) called the label “silly,” arguing that memecoins already function as a type of financial content.

Still, some Base insiders, like David Tso (@davidtsocy), defend the idea. He likens content coins to Instagram posts or TikToks—snippets of culture that hold value through engagement and virality.

📈 The Rise of “Base Is For Everyone”

The first major content coin to launch on Base was Base is for everyone. It exploded onto the scene with a peak market cap of $18 million just hours after release. However, the price soon dropped nearly 75%, though it has since stabilized around $9.8 million.

Source : Zora

Despite the dip, the coin remains active:

  • 🔹 Nearly 21,000 holders
  • 🔹 Over 29,000 transactions in 24 hours
  • 🔹 Daily trading volume close to $9 million

Base is using this momentum to advocate a larger vision: all content should live on-chain.

🌐 Why It Matters for Base

Base is positioning content coins as the next evolution of internet-native expression. Each coin acts like a cultural timestamp—a piece of digital heritage stored permanently on the blockchain.

That said, most content coins haven’t gained much traction. Few have surpassed the $100,000 market cap, and skepticism remains high.

Still, if content coins catch on, Base could outpace rivals like Solana by owning this narrative and attracting a unique crowd of creators and users.

🧩 Final Thoughts

Are content coins a genuine innovation or just meme coins in disguise? The answer depends on your view of value—whether it’s rooted in function or culture.

Either way, content coins on Base are forcing the crypto space to think differently about what it means to hold, trade, and create digital value.

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Story

Base Backlash: Jesse Pollak Apologizes for Artwork

by Ouess
written by Ouess

Jesse Pollak, the creator behind Ethereum Layer 2 blockchain Base, found himself at the center of controversy after resharing a piece of digital art that drew sharp criticism from the crypto community. The artwork played off Base’s tagline, “Base is for everyone,” but included inappropriate and offensive terms.

🎭 Digital Art Sparks Outrage

The artwork featured a looping GIF where “Base is for…” was followed by rotating words like “minting,” “ideas,” but also more explicit terms such as “pimping” and “squirting.”

Many users on X (formerly Twitter) called out the post as distasteful and harmful. One user remarked, “We’re just casually platforming pimping now?” while another called it “a PR nightmare.”

🗣 Pollak Responds and Apologizes

Pollak responded on April 18 via X, taking full responsibility for resharing the image.

While noting that he didn’t create the artwork, he acknowledged the need for more discretion when promoting content that may appear to represent Base directly.

Pollak added that he appreciates provocative art, but admitted this particular instance went too far.

🧵 Mixed Reactions From the Crypto Community

Reactions were mixed. Some praised Pollak’s transparency and willingness to apologize.

Crypto influencer Zuri commented, “Love the honesty. We all make mistakes, but it’s about how we grow from them.”
Bankless co-founder David Hoffman echoed the sentiment, saying, “I respect the leadership here.”

Others weren’t as forgiving. Crypto commentator David Z. Morris criticized the post harshly, saying:

He further warned that references to “pimping” may contribute to harmful stereotypes and damage the broader DeFi movement’s credibility.

💸 A Related Token Controversy

The situation escalated after Base’s official X account recently shared a link to a memecoin titled “Base is for everyone” on Zora, a social platform that turns posts into tradable tokens.

The token briefly hit a $17.1 million market cap, only to crash by 90% within 20 minutes, according to DEX Screener.

Coinbase, which supports Base, quickly distanced itself from the token. A spokesperson announced :

“This is not an official Base token… Base did not launch or sell it.”

🧩 Final Thoughts

The Base backlash highlights the delicate balance between embracing edgy, Web3-native content and maintaining credibility in a rapidly growing space.

While Pollak’s apology helped ease tensions, the incident underscores the importance of clear messaging—especially when building in public.

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DeFi

Base Q2 Roadmap Unveils Speed and Privacy Upgrades

by Ouess
written by Ouess

Base, the Ethereum Layer-2 network developed by Coinbase, has just revealed its ambitious roadmap for Q2 2025. The plan focuses on speed, privacy, and helping developers build more efficiently on-chain.

⚡ Speed and Scalability at the Core

Base is aiming for 200ms block times—a major leap that could transform how users experience the network. Alongside this, it plans to increase throughput by scaling blockspace from 30 to 50 Mgas/s.

Another key milestone is reaching Stage 1 decentralization, which will boost both performance and security.

🕵️ Enhanced On-Chain Privacy Features

Privacy is taking center stage this quarter. The roadmap includes efforts to enable on-chain account verification that preserves user privacy.

In the world of blockchain, where transparency can sometimes clash with anonymity, this initiative aims to strike the right balance.

🛠️ Developer Tools and Support Programs

Base is expanding its Modular Crypto Platform (MCP) to help developers go from “Idea to App, App to Business.” This includes:

  • More usage of OnchainKit and MiniKit
  • Launch of new Base Appchains on mainnet
  • Continued support for builder programs like Base Batches, Buildathons, and Builder Rewards

These efforts show Base’s ongoing commitment to supporting developers both technically and financially.

However, recent reports of a security flaw in MCP tooling have raised red flags. According to experts, a compromised MCP could misdirect funds without user awareness. This makes security improvements just as critical as growth.

📊 Market Position: Base Leads in DeFi Net Flows

Base has had a strong start to 2025. It currently leads in net flows across DeFi bridges, second only to Ethereum in total inflows, according to Artemis Terminal.

Base blockchain leads net flows across DeFi bridges. Source: Artemis Terminal

This growing traction signals increased trust from users across DeFi, gaming, and NFTs.

🚨 Meme Coin Controversy Clouds Progress

Not all news has been positive. Recently, Base came under fire after a meme coin promoted by insiders caused a price spike and sudden collapse.

While Base denied involvement, critics labeled the incident a pump-and-dump scheme. A Base developer later clarified it was a “content coin,” not an official project or token.

This controversy underlines the importance of transparency as Base’s influence grows.

⚖️ Balancing Innovation with Responsibility

As Base heads into Q2, it’s walking a fine line. The roadmap is bold, with exciting upgrades and strong developer momentum. Yet, public scrutiny is increasing.

If Base can deliver on its promises while maintaining user trust, it may secure its role as a cornerstone of the next-gen internet.

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DeFi

Base Network Dominates DeFi and NFTs

by Ouess
written by Ouess

Base, Coinbase’s layer-2 blockchain, is making waves in both decentralized finance (DeFi) and the non-fungible token (NFT) industries. According to DeFi Llama, Base has become the top-performing layer-2 network, hosting 410 dApps. Key players in its ecosystem include Aerodrome, Uniswap, Morpho Blue, and Moonwell.

Morpho, a competitor to AAVE, is poised for growth after Coinbase announced plans to introduce Bitcoin-backed loans on the platform.

Unmatched DeFi Transaction Volumes

Base’s decentralized exchange (DEX) networks dominate layer-2 transaction volumes. Since its launch, protocols in its ecosystem have processed over $264 billion in transactions, with $12.2 billion in just the past week.

This growth is fueled by Base’s thriving meme coin ecosystem, now valued at $2.6 billion. Popular meme coins on Base include Brett, Akuma Inu, Toshi, and Degen.

Base’s NFT Market Booms

In the NFT space, Base has also taken the lead among layer-2 networks. NFT sales rose 45% in the last seven days, reaching $8.3 million, with buyers increasing by 128% to over 15,000. Cumulative NFT sales now exceed $62 million.

Data from DappRadar reveals that Base processed nearly 40 million transactions in the last 30 days. By comparison, Arbitrum handled 6.21 million, and Polygon processed 29.3 million. Base also boasts 15 million unique active wallets, far surpassing its competitors.

Could Coinbase Airdrop Base in 2025?

The success of Base suggests it could achieve a significant valuation if Coinbase launched an airdrop. For reference:

  • Arbitrum has a market cap of $3.2 billion with a fully diluted valuation (FDV) of $7.5 billion.
  • Optimism has a market cap of $2.47 billion and an FDV of $7.85 billion.

Base’s valuation could exceed an FDV of $7 billion. Speculation about a potential airdrop is rising as Coinbase’s 2025 roadmap includes plans for decentralization, hinting at community involvement in decision-making.

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DeFi

Uniswap Introduces Seamless Cross-Chain Bridging

by Ouess
written by Ouess

Uniswap Labs has unveiled an innovative feature enabling users to transfer assets across nine blockchain networks directly through its platform. This functionality removes the need for external services, ensuring faster and more secure cross-chain transactions.

Simplifying Cross-Chain Transactions

Traditionally, moving assets between blockchains required third-party bridges, which often came with complex interfaces, slow processing times, and security risks. Uniswap’s new in-app bridging eliminates these hurdles. Users can now transfer native tokens and stablecoins seamlessly, without leaving the Uniswap Interface or Wallet.

With a community of over six million active users, this upgrade reflects Uniswap’s commitment to enhancing the multi-chain experience and driving adoption.

Powered by Across Protocol

The bridging feature is powered by Across Protocol, a decentralized and permissionless platform that leverages liquidity pools and relayers for rapid transactions. Unlike traditional solutions, Across Protocol ensures transfers settle in seconds while addressing security challenges.

At launch, the feature supports transfers on nine networks, including:

  • Ethereum
  • Base
  • Arbitrum
  • Polygon
  • Optimism (OP Mainnet)
  • Zora
  • Blast
  • World Chain
  • ZKsync

Users can bridge only native tokens like ETH and ARB or stablecoins. The streamlined process involves selecting the asset, choosing the target network, and confirming the transaction—all within the Uniswap interface.

Driving a Multi-Chain Future

Uniswap’s in-app bridging represents a major step toward a seamless multi-chain ecosystem. By addressing key pain points like complexity and security risks, Uniswap solidifies its role as a leader in decentralized finance innovation.

Looking forward, the team plans to expand features to further enhance cross-chain interactions. This aligns with their mission to empower users in an increasingly interconnected blockchain world.

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DeFi

Base Network Leads Ethereum L2 Solutions in Transactions

by Ouess
written by Ouess

Base Network, Coinbase’s Layer 2 (L2) scaling protocol, has emerged as the top-performing L2 solution on the Ethereum network, surpassing competitors like Arbitrum. On-chain analyst Leon Waidmann confirmed that Base has become the “most used Ethereum L2.”

Surge in Transactions

In the past 30 days, Base’s transactions have surged by over 60%. Daily, Base processes up to 3.5 million transactions, compared to Arbitrum’s 2 million. This remarkable growth is attributed to various factors, including the ongoing memecoin frenzy, which has driven increased adoption and activity.

Memecoin Impact

The memecoin market has seen significant growth, with a current market capitalization of around $54.7 billion. Some of the top memecoins on Base have experienced price increases, attracting the attention of major hedge funds. For example, Solana-based dogwifhat (WIF) has gained support from trading firms like Robinhood and Binance, trading at $2.12 after a 10.15% increase in the last 24 hours. Similarly, Shiba Inu (SHIB) has shown a slight price rise, reflecting a broader crypto market recovery.

Base vs. Arbitrum

Since April, Base has consistently outperformed Arbitrum in transaction counts. On April 7, Base recorded 45.21 million transactions in 30 days, compared to Arbitrum’s 38.58 million and Ethereum’s 37.93 million, as reported by L2Beat. Additionally, Base’s Total Value Locked (TVL) was $3.89 billion, with a 19.96% increase in transaction volume.

BASE TVL Source : DeFiLlama

Conclusion

Base Network’s rapid growth and dominance in transaction counts highlight its potential as a leading Ethereum L2 solution. The memecoin frenzy and increased burn rates have contributed to this success, positioning Base as a key player in the crypto market.

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