Base Chain founder Jesse Pollak confirms: “No plans for a token”
Can it sustain Ethereum layer 2 dominance without a native token?
- Base prioritizes user-focused solutions over token issuance for sustainable growth.
- Base achieved top Ethereum layer 2 status with record transaction peaks and TVL.
In a surprising revelation, Base founder Jesse Pollak reaffirmed that the platform has no plans to introduce a native token.
Taking to social media platform X, Pollak emphasized the importance of prioritizing user experience and problem-solving over token issuance.
Citing the Hyperliquid project as an example, he highlighted how focusing on building a product that users genuinely love—before layering on complexities like pricing—paves the way for long-term success.
Remarking on the same, Pollak said,
“We’ve seen the same thing with @base — starting without a token lets us focus on solving real problems and means we have to really earn it every day.”
Base Chain founder’s bold approach
Elaborating on his stance, Jesse Pollak emphasized that Hyperliquid’s approach is not an isolated example but part of a broader trend seen throughout the history of successful startups.
He stressed that the ultimate priority for any project should be building a world-class product that resonates deeply with users.
He further added,
“and finally: there are no plans for a @base network token. we are focused on building. and we want to solve real problems that let you build better. and I want your feedback on what we can be doing better.”
Base’s growth so far
Despite its decision to forgo a native token, Base has made remarkable strides in solidifying its position as a leading Ethereum [ETH] layer 2 network.
Its efforts to dominate the space have yielded significant results, with the platform achieving the highest Total Value Locked (TVL) among Ethereum layer 2 solutions.
Adding to this achievement, Base recently hit a new all-time high in transactions, recording an impressive 9.32 million on 26th November.
These milestones highlight the network’s relentless pursuit of growth and its determination to extend its dominance in the competitive blockchain landscape.
This was confirmed when in November 2024 Base marked a peak in usage and adoption for the network, solidifying its place at the forefront of Ethereum layer 2 solutions.
