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Coinbase launches bridge for layer-2 blockchain Base, sets mainet launch date
Aug, 04, 2023
2 min read
by Forkast
Share:
Coinbase, the largest publicly-traded crypto exchange in the U.S., launched a bridge for its Ethereum layer-2 blockchain “Base,” on Thursday and set Base’s mainet launch for Aug. 9.
See related article: BlackRock files for spot Bitcoin ETF, taps Coinbase as custodian
Fast facts
- From Thursday, users can bridge their Ether to the Base network, according to a Twitter post by Base. A “bridge” is a tool that allows users to move their crypto assets from one blockchain to another.
- Introduced by Coinbase in February 2023, Base is an Ethereum layer-2 blockchain built in collaboration with blockchain developer Optimism, which aims to provide a safe and low-cost platform for blockchain application developers. Coinbase currently has no plans to issue a network token for Base, and will use Ether as the blockchain’s native gas token.
- “Since we announced Base, our mission has been clear and consistent: bring the next billion users and next million builders on chain,” said Jesse Pollak, the creator of Base and head of protocols at Coinbase, in a Thursday announcement.
- Base opened its mainet to builders on July 14, allowing users to bridge Ether to the Base network with certain developer tools. Over US$90 million worth of Ethers have been bridged to Base so far, according to blockchain analytics platform Dune Analytics.
- Together with the Base mainet launch, Coinbase will also kick off Onchain Summer on August 9, a month-long celebration of blockchain art, music, gaming and more, as part of the promotion for the Base blockchain. Participating companies include Coca-Cola, game developer Atari and NFT marketplace OpenSea.
- Base saw a memecoin scam before the mainet launch. BALD token, a memecoin launched on Base on July 30, turned out to be a rug pull after its developers removed US$25.6 million in liquidity. The token’s price has slumped over 70% from its height of US$$0.02795 on Aug. 1.
In This News
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$ 0.000133
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In This News
Coins
$ 65.38K
-3.04%$ 1.91K
-5.96%$ 0.000133
$ 0.000603
$ 0.00...315
Share:
Read More
Coinbase’s head of litigation says states are “gaslighting” on prediction markets
Ryan VanGrack says states are misrepresenting federal law as they move to block predi...
Feb, 27, 2026
by CoinDesk
Coinbase SEI Migration: The Crucial Shift to an EVM-Only Architecture Begins
BitcoinWorld
Coinbase SEI Migration: The Crucial Shift to an EVM-Only Architecture B...
Feb, 27, 2026
6 min read
by Bitcoin World
Coinbase launches bridge for layer-2 blockchain Base, sets mainet launch date
Aug, 04, 2023
2 min read
by Forkast
Share:
Coinbase, the largest publicly-traded crypto exchange in the U.S., launched a bridge for its Ethereum layer-2 blockchain “Base,” on Thursday and set Base’s mainet launch for Aug. 9.
See related article: BlackRock files for spot Bitcoin ETF, taps Coinbase as custodian
Fast facts
- From Thursday, users can bridge their Ether to the Base network, according to a Twitter post by Base. A “bridge” is a tool that allows users to move their crypto assets from one blockchain to another.
- Introduced by Coinbase in February 2023, Base is an Ethereum layer-2 blockchain built in collaboration with blockchain developer Optimism, which aims to provide a safe and low-cost platform for blockchain application developers. Coinbase currently has no plans to issue a network token for Base, and will use Ether as the blockchain’s native gas token.
- “Since we announced Base, our mission has been clear and consistent: bring the next billion users and next million builders on chain,” said Jesse Pollak, the creator of Base and head of protocols at Coinbase, in a Thursday announcement.
- Base opened its mainet to builders on July 14, allowing users to bridge Ether to the Base network with certain developer tools. Over US$90 million worth of Ethers have been bridged to Base so far, according to blockchain analytics platform Dune Analytics.
- Together with the Base mainet launch, Coinbase will also kick off Onchain Summer on August 9, a month-long celebration of blockchain art, music, gaming and more, as part of the promotion for the Base blockchain. Participating companies include Coca-Cola, game developer Atari and NFT marketplace OpenSea.
- Base saw a memecoin scam before the mainet launch. BALD token, a memecoin launched on Base on July 30, turned out to be a rug pull after its developers removed US$25.6 million in liquidity. The token’s price has slumped over 70% from its height of US$$0.02795 on Aug. 1.
In This News
Coins
$ 65.38K
-3.04%$ 1.91K
-5.96%$ 0.000133
$ 0.000603
$ 0.00...315
Share:
In This News
Coins
$ 65.38K
-3.04%$ 1.91K
-5.96%$ 0.000133
$ 0.000603
$ 0.00...315
Share:
Read More
Coinbase’s head of litigation says states are “gaslighting” on prediction markets
Ryan VanGrack says states are misrepresenting federal law as they move to block predi...
Feb, 27, 2026
by CoinDesk
Coinbase SEI Migration: The Crucial Shift to an EVM-Only Architecture Begins
BitcoinWorld
Coinbase SEI Migration: The Crucial Shift to an EVM-Only Architecture B...
Feb, 27, 2026
6 min read
by Bitcoin World