Founder announced: Will the Base network token be released?

Base, the layer-2 blockchain supported by Coinbase, reached over $2 billion in total locked assets (TVL).

There was activity in the #Ethereum ($ETH ) ecosystem in November. Ethereum scaling solutions #Arbitrum and #Base hosted new money inflows.

Coinbase's layer-2 blockchain Base recorded an average weekly transaction volume of over $10 billion. The total locked assets (TVL) value of the Base network was $2.093 billion. Memecoins in particular contributed to the Base network's movement.

Base founder Jesse Pollak answered the token question from the community. Addressing his followers via X, Pollak made striking statements.

Jesse Pollak emphasized that the priority of the Base blockchain is the community. Pollak, citing the Hyperliquid project as an example, stated that creating a product that users will love before experiencing complexities such as pricing will lead to long-term success.

Pollak made the following statements; “Starting without a token allows us to focus on solving real problems.”

According to Pollak, the most important priority for a project is to establish a deep connection with users and build a world-class product. The founder of Base explained his approach as follows;

“The Base network has no plans for a token. We are focused on building. We want to solve real problems that allow users to build more efficiently. I want your feedback on what we can do better.”

The Base network, which has closed the door to a native token, reached an all-time high of 9.32 million transactions on November 26.