Base is an Ethereum layer-2 network launched by Coinbase in 2023, designed as a bridge to onboard billions of users into the crypto economy. It provides a decentralized, open-source platform utilizing optimistic rollups to enable cheaper and faster transactions than the Ethereum mainnet, while maintaining security through its layer-1 foundation. Unlike other layer-2 networks, Base does not have a native token; transactions are conducted using Ethereum's gas token. With a focus on improving user onboarding and developer experience, Base aims to facilitate the growth of decentralized applications (dApps) and reduce onboarding time. Base has become a prominent layer-2 network hosting approximately $2.8 billion in total-value-locked assets and supporting protocols in DeFi, gaming, and consumer applications. Looking forward, Base targets ambitious milestones for 2025, aiming for 25 million users and $100 billion in assets as it enhances its functionalities and app distribution efforts.

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