Base: The Coinbase-Backed Layer 2 on Ethereum Using Optimism's OP Stack Base is a decentralized Layer 2 scaling solution built on the Ethereum network, utilizing core technology developed by Optimism. Specifically, Base is developed using the open-source OP Stack, the standardized development stack behind Optimism's broader Superchain ecosystem initiative. As one of the leading and rapidly growing Layer 2 networks in the current market, Base has attracted considerable attention and user activity. This interest is further amplified by the fact that Base has not yet launched its own native token, leading to significant speculation within the crypto community. However, this situation raises a key question: Does a Layer 2 network with strong backing from a major entity like Coinbase truly need to introduce its own token? In this article, AquaFox will explore both sides of this debate, analyzing the arguments for and against a potential Base token launch.

Ethereum has long been the powerhouse of the blockchain world, but as its popularity has grown, so too have its limitations. With a maximum throughput of only 15–30 transactions per second, high gas fees, and sluggish confirmation times during peak usage, Ethereum’s congestion has driven users to search for better solutions. Enter Layer 2 (L2) technologies—a set of innovative scaling solutions designed to relieve pressure on the main network while preserving its robust security. In this article, we dive deeper into how Base, Arbitrum, and Optimism are reshaping Ethereum’s future, along with a critical analysis of their strengths, weaknesses, and inherent risks.