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Token

Aster Perp DEX’s Token Surges Over 300% within Hours of Launch

by admin September 18, 2025

Aster, a YZi Labs (formerly Binance Labs) backed decentralized perpetual exchange, unveiled its native token ASTER on Wednesday. It surged over 300% from its initial price within hours of its launch.

Aster, launched in July on Binance’s BNB Chain, enables traders to speculate on cryptocurrency prices with leverage. Beside YZi Labs, a top decentralized exchange (DEX) on BNB Chain, Pancakeswap also provided significant backing to Aster.

Prior to the token launch, the platform was running the Aster Genesis program to support the growth and trading activity on its DEX. Based on this, it initiated the token airdrop and rewarded contributors with a total of 704 million ASTER tokens.

The timing of the launch could not be better as Hyperliquid, the leading perpetual DEX, is making waves, with its native token HYPE hitting a new all-time high the same day.

At the time of publishing, ASTER token was trading $0.3981 with a market cap of $659.25 million and a 24 hour trading volume of $330 million, as per CoinMarketCap data.

CZ sparks a cold-war

Celebrating the token launch, Changpeng Zhao, Co-Founder of Binance, cherished the Aster team by sharing a post on his X handle. “Well done! Good start. Keep building!,” he said while sparking chatter around the fact that he is only supporting Aster, via YZi Labs investment, to give indirect competition to Hyperliquid.

“He’s obviously pissed about hyperliquid and plays to win,” said an X user Tulip King noting that he also recently removed “ex-Binance” from his bio and made it “Binance” and now “he’s back in charge.”

Notably, Hyperliquid has generated billions in trading volume and it is giving tough competition to leading centralized exchanges (CEX) like Binance and Coinbase. Its decentralized nature—not requiring KYC and open for all—as well as CEX-like trade execution is making it increasingly popular among crypto traders.

Increasing competition to Hyperliquid

Being a top perpetual DEX, Hyperliquid is currently facing huge challenges from various emerging competitors. One of the close competitors was Lighter, which recently gained popularity after its points trading went viral. Now, Aster, with backing from the “Binance Cartel” is taking over the crypto community, rising toughly against Hyperliquid’s dominance in the decentralized perpetuals ecosystem.

Also Read: Wormhole Unveils W 2.0 Tokenomics With Yield and Bi-Weekly Unlocks

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September 18, 2025 0 comments

NFT Gaming

Wormhole’s W token enters ‘value accrual’ phase with strategic reserve

by admin September 17, 2025

Wormhole has moved beyond its distribution phase, initiating a new strategy. By allocating on-chain and off-chain protocol revenue to a dedicated treasury, the cross-chain protocol is creating a direct link between its commercial success and the value of its native token, W.

Summary

Wormhole launched W 2.0 tokenomics with a new strategic reserve funded by protocol revenue.
The upgrade introduces a 4% base yield for governance stakers and smoother bi-weekly token unlocks.
The reserve ties W’s value directly to ecosystem growth, while changes aim to reduce market shocks and strengthen long-term alignment.

According to an announcement on September 17, the interoperability platform will begin channeling fees generated across its entire ecosystem, including its core messaging layer, the Portal bridge, and other applications, into a newly formed strategic reserve.

The Wormhole team said the treasury will be denominated in W and designed to be a permanent holder, systematically accumulating tokens to support long-term ecosystem growth.

Notably, the initiative is part of a broader “W 2.0” tokenomics upgrade and directly ties the treasury’s expansion to the protocol’s commercial performance, ensuring its war chest grows in tandem with network adoption.

Why Wormhole is reshaping W’s economics now

Nearly five years after its launch in 2020, the Wormhole has matured into one of the most widely integrated interoperability protocols, powering applications across more than 40 blockchains. With that scale comes both opportunity and pressure.

As institutions, governments, and corporations accelerate their on-chain experiments, Wormhole is positioning itself to capture value flowing across fragmented networks. A retooled W token lies at the center of that strategy, serving as the link between the protocol’s adoption curve and tokenholder incentives.

At its core, W is a capped-supply multichain asset. Of its 10 billion tokens, just under half, about 4.7 billion, are currently circulating. W carries governance rights, secures the network through staking, and directs resources toward long-term ecosystem growth.

But under the new 2.0 framework, its role is expanding. Wormhole has introduced a targeted 4% base yield for stakers who participate in governance, with the potential for higher returns tied to activity on flagship applications like the Portal bridge. Rewards are not guaranteed and remain emissions rather than revenue shares, but the design creates a more consistent incentive for users to remain engaged.

The Wormhole reserve

The most notable addition is the Wormhole Reserve. The reserve will be capitalized exclusively by on-chain and off-chain revenue generated across the Wormhole ecosystem. This includes fees from its core cross-chain messaging layer, its user-facing Portal application, and a suite of other ecosystem products.

Rather than distributing these profits, the protocol will use them to accumulate W tokens on the open market, creating a built-in, recurring source of demand that is directly correlated to network usage and adoption.

Complementing the reserve is a significant overhaul of the token’s emission schedule. According to the press release, Wormhole is abandoning its annual unlock cliffs in favor of a biweekly distribution model.

This change applies to several major token categories including Guardian Nodes, which represent 5.1% of the total supply, the Community and Launch allocation at 17%, the Ecosystem and Incubation pool at 31%, and Strategic Network Participants, who hold 11.6%.

By shifting to a linear, four-and-a-half-year vesting schedule for these groups, Wormhole intends to smooth out token releases, thereby reducing market shocks and fostering a more stable trading environment.

At the time of writing, the W token was trading at approximately $0.094, according to data referenced in the source material from crypto.news. The token also saw a price increase of more than 7.82% following the announcement.

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September 17, 2025 0 comments

GameFi Guides

FLR Token Goes Live on Hyperliquid with LayerZero OFT

by admin September 17, 2025

Flare’s native token FLR has officially gone live for spot trading on Hyperliquid today, and this was made possible through LayerZero’s Omnichain Fungible Token standard. Users can deposit FLR via Stargate and begin trading it directly on Hyperliquid without any extra steps.

What makes the listing stand out is that Hyperliquid is supporting native FLR rather than a wrapped version, which removes the need for gas to unwrap tokens. This makes the whole process of deposits and withdrawals much easier for users who want a seamless trading experience.

Trading Made Simple with Native FLR

The FLR ticker was obtained directly by Flare so the listing could happen without needing approval from a centralized party. LayerZero’s OFT standard acts as the bridge that links FLR from the Flare network to Hyperliquid’s HyperEVM, and then into HyperCore where trading happens. Once there, FLR is set up as a HIP-1 asset and can be traded against USDC.

This structure is designed to keep bridging fast and simple while giving users a seamless experience between networks. On Hyperliquid itself, trading is powered by an on-chain orderbook, offering tight spreads and liquidity for better execution and lower overall costs.

“Hyperliquid trading volumes have soared over the recent months, rendering it a high-priority exchange listing with compelling prospects for the FLR token,” Hugo Philion, CEO and Co-founder of Flare said in the press release. “Harnessing LayerZero’s native OFT standard and Hyperliquid’s decentralized listing flow, users can now access a permissionless bridge-in, trade, bridge-out experience for FLR.”

Different Ways to Fund and Trade

Users now have three simple options to fund their Hyperliquid accounts:

First Option: USDT0 from Flare:

Bridge USDT0 from Flare to HyperCore through Stargate or usdt0.to. Once bridged, swap USDT0 for USDC to begin trading. A $1 fee is required to activate a Hyperliquid account.

Second Option: FLR from Flare:

Bridge FLR directly from Flare to HyperCore and HyperEVM through Stargate. After trading, bridge FLR back to Flare to use for staking, delegation, or receiving FlareDrops.

Third Option: USDC from Arbitrum:

Deposit USDC directly from Arbitrum into the Hyperliquid app. This gives a straightforward way to fund trading without using bridging steps.

At launch, FLR trades against USDC, and Hyperliquid plans to expand trading into more stablecoins like USDT0 and USDH as the system grows.

According to Filip Koprivec, Chief Product Officer at Flare “The OFT standard is turning FLR into a first-class omnichain asset. Combine that with Hyperliquid’s on-chain market structure and you get speed, transparency, and strong price discovery for everyday traders.”

Also Read: Hex Trust Adds Custody support for stETH for Institutions

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September 17, 2025 0 comments

NFT Gaming

Morning Minute: Polymarket Token Speculation Soars Along with $10B Valuation

by admin September 17, 2025

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

Crypto majors mostly flat into FOMC, Bitcoin leads +1% to $116,300
Binance in talks with US DOJ to end its compliance monitor
Bank of America says 67% of fund managers hold 0 crypto
Trump suing NY Times for $15M saying they hurt the TRUMP meme
Tether co-founder launches STBL, token soars to $1.7B fdv in debut

🔮 Polymarket Token Incoming?

The world’s biggest prediction market is flirting with a token.

And it’s doing it while eyeing a stratospheric new valuation, rolling out earnings markets with Stocktwits, and prepping a regulated U.S. return.

📌 What Happened

Polymarket’s recent SEC filings hinted at “other warrants” which typically indicate a token.

This has led to broad speculation of a Polymarket token in the works.

And the token speculation comes just days after multiple outlets reported that Polymarket has raised a fresh round that could value the company as high as $9B–$10B.

A massive jump from the ~$1B valuation discussed in June.

That’s a lot of big money news, coming along with major fundamental progress:

Regulated U.S. comeback: After acquiring CFTC-licensed QCEX and receiving staff relief, CEO Shayne Coplan says the platform has the “green light” to go live in the U.S.
New product + distribution: Polymarket launched public-company earnings prediction markets and became the official prediction-markets partner of Stocktwits, bringing live probabilities to Stocktwits’ 10M+ users
Volume check: Volumes are coming in around ~$250M/week and consistently at the $1B/month mark

The $10B raise makes a bit more sense with that backdrop.

🗣️ What They’re Saying

“Polymarket has been given the green light to go live in the USA by the @CFTC. Credit to the Commission and Staff for their impressive work.” – Shayne Coplan, CEO, on X (Sep 3)

“Prediction markets transform uncertainty into clarity by turning big questions-like earnings-into simple, tradable outcomes with transparent pricing.” – Matthew Modabber, CMO, Polymarket, on the Stocktwits partnership.

“Polymarket is the largest prediction market in the world, and the U.S. needs access to this important platform.” – Donald Trump Jr., as Polymarket added him to its advisory board following 1789 Capital’s investment.

🧠 Why It Matters

A token would formalize community upside.

If a Polymarket token launches, it turns users into owners, likely deepens liquidity across markets, and enables new incentive design (e.g., fee shares, staking for dispute resolution, or market-maker rewards).

Timing-wise, it makes sense.

They have more momentum than ever with the combination of regulatory approval, new product verticals (earnings markets), sports markets catching fire (see Kalshi’s latest volume surge) and a general explosion in prediction market interest.

And just the hint of a token is enough to steal market share and attention from their rival Kalshi (which has flipped Polymarket in volume as of late).

All being equal, users will trade on the apps that have the best lines, market and/or best UX.

With token incentives in the mix, the decision of which app to use has a heavily weighted new factor.

So expect Polymarket volumes and attention to boom here in the near future.

As for its token, it’s tough to value. Polymarket is a true unicorn. And without them taking a fee, there is no revenue model to use.

It wouldn’t be crazy at all to think a Polymarket token would fetch $5B-$10B upon its debut.

Maybe we’ll find out this year…

🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

Crypto majors are mixed ahead of FOMC, BTC leads; BTC 1% at $116,300, ETH even at $4,500, XRP -1% at $3.01, SOL -1% at $234
MYX (+56%), IP (+10%) and HYPE (+5%) led top movers
The Bitcoin ETFs saw another $292.3M in net inflows, continue 7-day inflow streak
Bank of America reported that 67% of fund managers hold no crypto and only 8% have started structural crypto investments
Binance is in talks with the U.S. DOJ about ending its compliance monitor, per Bloomberg
Trump is suing the New York Times for $15B, claiming that reporting hurt his TRUMP meme coin
The Ethereum exit queue has swollen to ~2.5M ETH with waits >46 days, the longest yet
Santander’s Openbank turned on crypto trading in Germany under MiCA, with Spain up next
UBS, Sygnum and PostFinance pilot what they call the first interbank settlement using deposit tokens on a public chain
Galaxy Digital plans a tokenized money-market fund spanning Ethereum, Solana and Stellar
The UK is expected to announce tighter crypto-oversight coordination with the U.S., according to the Financial Times
Over $3,000,000,000 in USDT was minted onchain in the past 4 days

In Corporate Treasuries / ETFs

Forward Industries (FORD) announced a $4B ATM program to buy more SOL after just buying $1.6B in SOL
SharpLink (SBET) bought just 900 ETH in the past week though it did buy 1M shares back
Bitwise filed for an Avalanche ETF as XRP and Dogecoin ETFs near launch

In Memes

Memecoin leaders are mostly flat; DOGE even, Shiba even, PEPE +1%, PENGU +1%, BONK +2%, TRUMP -1%, SPX +1%, and FARTCOIN +1%
KIND (+33%) and 67 (+350%) lead notable onchain movers

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

Tether co-founder launched STBL as a new stablecoin protocol focused on yield, touted as “stablecoins 2.0”
Pump.fun bonding curves had their highest day of volume in 7 months
Circle bought HYPE and signaled it may run a Hyperliquid validator alongside new USDC tooling on HyperEVM
LimeWire bought the Fyre Festival brand and hinted at token and NFT hooks for a rebooted event
OpenSea clarified that its “final pre-TGE phase” would have multiple seasons

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

Overall market cap +1% at $13.75B, leaders were mixed
FARTCOIN (+1%), VIRTUAL (-1%), TIBBIR (+12%), aixbt (even) & ai16z (+1%)
SNAI (+23%), BIOS (+21%) and IRIS (+18%) led top movers
Virtuals announced it’s more than software, plans to fuel “the next wave of robotic agents”
Google debuted an open-source AI payments protocol with stablecoin support, with input from Coinbase and Salesforce

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

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September 17, 2025 0 comments

GameFi Guides

Solana Dominates Crypto Token Launches, 85,000,000 Assets Registered

by admin September 17, 2025

The Solana blockchain has become the top destination for token launches in the cryptocurrency space. In a recent update shared by Solana, the network currently has the majority of token creations happening in its ecosystem. Solana alone has 85 million tokens on its blockchain.

Why developers prefer Solana over Ethereum

This figure is significant considering that there are 100 million tokens in total on major crypto networks. That is, across some of the big blockchain platforms in the industry, like Ethereum, Avalanche, Arbitrum and Base, developers have created 100 million different tokens. These include meme coins, stablecoins, LP tokens, project tokens and more.

Community reacts to Solana’s token explosion

In the broader cryptocurrency community, some users have taken a swipe at the numbers and dominance of Solana.

Drake song leaked by pump.fun streamers, token soars by 3,000%

by admin September 17, 2025

A pair of pump.fun streamers allegedly leaked Drake’s single from his upcoming album ICEMAN in a stream to promote their meme coin BAGWORK. The duo have since made more than $83,410 from creator fees in just two days after streaming the song.

Summary

Drake’s unreleased track from ICEMAN was leaked by a pair of streamers on pump.fun.
The developers behind the token, BAGWORK, gained $83,410 within just two days of streaming the song.

Pump.fun livestreamers went viral for playing what sounds like an unreleased song from rapper Drake’s upcoming album over the weekend in an effort to promote their token. The video clip shows the pair of livestreamers in the backseat of a car, listening to what they claim is an “unreleased” song.

“First time this song is ever played,” said the one of the streamers

“Buy f**king BAGWORK right now,” yelled the other streamer.

Both streamers jam to the song wearing white t-shirts that spell out the name of their token, BAGWORK on SOLANA (SOL), in big bold marker-written letters. It did not take long for the clip to spread all over social media and catch the attention of Aubrey “Drake” Graham himself, who was taken off guard by the fact that two teenagers leaked his song on a meme coin launchpad livestream.

According to a report by the Rolling Stone, the rapper called into the Kick stream of Adin Ross to find out who the leakers were. At first, Ross believed that it was one of Drake’s unconventional methods of releasing music. But the rapper denied it.

“I don’t even know who the f**k those kids are,” Drake said to Ross over the phone.

“What, you actually don’t know who those kids are?” the streamer responded.

“I just asked you who they are. What the f**k?” Drake snapped back.

The BAGWORK streamers later claimed that Ross had messaged them, asking how they were able to get their hands on the unreleased track. However, they told him to come on their stream if he wanted to know. Ross did not respond to the request, according to the duo.

Drake’s impact on the BAGWORK meme coin

Within just two days of playing the unreleased track on their livestream, the token shot up in value. The token soared nearly 3,000% in less than 24 hours, with market cap rocketing from under $5 million to a peak of $53.8 million.

According to the chart, price action shows the token climbed from near $0.001 to highs above $0.050 at the peak of the hype, as volume surged and speculators rushed in.

However, the Drake rally proved to be short-lived. Within two days of the spike, BAGWORK retraced sharply, dropping over 80% from its highs and now trading around $0.0095 with a market cap of just $10.3 million.

Leaking the unreleased Drake song lifted the BAGWORK token up | Source: pump.fun

According to data from Pump.fun (PUMP), the account that launched the BAGWORK token has launched a dozen other tokens. Their Solana balance has reached $20,100. Meanwhile, the creator fees generated from Bagwork has dropped significantly since their Drake leak; falling fro $83,410 to just around $35,300 within 24 hours.

Pulling stunts to gain traction for their token is not new for the livestreamer duo. Before Drake, they’ve claimed to leak songs from other artists like Future, Lil Uzi Vert, and Playboi Carti.

Last week, one of the devs behind BAGWORK even invaded the field during a Los Angeles Dodgers baseball game to promote the token.

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September 17, 2025 0 comments

GameFi Guides

$1B Sell-Off Sends JuCoin Exchange’s JU Token Down 70%

by admin September 17, 2025

JuCoin’s token JU has suffered a dramatic collapse, plunging more than 70% within hours on Tuesday evening. The token, which had recently touched a high of $23.86, dropped to $7.66 around 4:45 PM. By late night, JU was trading at $7.08, wiping out billions in value in one of its steepest single-day falls.

JuCoin moved quickly to reassure users, saying that its operations remain unaffected and that all funds are secure. The exchange added that trading and other business functions are running normally.

Ju is currently priced at $7.08, crashing down 71%, with a market cap of $144.31 million and 24-hour trading volume valued at $1.07 billion, down by 20.63%.

Regulatory Scrutiny Adds Pressure

The sharp decline came just days after blockchain investigator ZachXBT flagged JuCoin as a “sketchy” sponsor of the upcoming Token2049 conference. He pointed to the exchange’s history of shifting regulatory compliance and anonymous trading practices. Earlier this year, JU also faced questions after allegations involving its trading partner.

The warnings have fueled fears of stricter oversight, with some drawing parallels to scandals like JPEX, where regulatory troubles sent its token’s value crashing.

Investor Confidence Shaken

Even JuCoin’s announcement in July of a $100 million expansion program for its blockchain has done little to restore faith.

Investors are still uneasy about JuCoin’s lack of transparency. The project hasn’t released proper audits, its team is mostly anonymous, and a significant portion of its trading occurs on smaller exchanges that lack strong oversight.

As these concerns grew, many investors decided to pull out. JU saw more than $1 billion worth of trades in a single day, showing just how quickly panic set in and how uncertain the outlook has become.

Volatility Adds to the Worry

Experts have also flagged JU’s unusually high trading activity compared to well-established coins like Bitcoin. Such erratic movement has fueled talk of possible manipulation and added to the belief that JU’s market is far from stable.

The Road Ahead

Attention now turns to whether JU can hold above its yearly low of $6.03. Some traders may look for a short-term bounce after the steep fall, but overall sentiment remains weak. Any move from regulators in Singapore or South Korea could decide the token’s fate.

For JuCoin, the immediate task is to rebuild trust. With more than 70% of its value erased in a single day, investors are left wondering whether JU can stage a recovery — or if this is the start of a deeper crisis.

Also Read: KindlyMD Stock Crashes 55% After CEO Warns of Volatility

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September 17, 2025 0 comments

Crypto Trends

Fan Token Firm Chiliz Acquires 2-Time ‘Dota 2’ Champions, OG Esports

by admin September 17, 2025

In brief

The Chiliz Group has acquired a controlling stake in OG Esports, a prominent competitive gaming organization.
OG Esports unveiled its own fan token on Chiliz’s Socios.com platform back in 2020. It recently hit an all-time high price.
Chiliz has teased various future team-related benefits for OG token holders, along with a new Web3-related project.

The Chiliz Group, which operates the Socios.com crypto fan token platform, announced Tuesday that it has acquired a 51% controlling stake in OG Esports, the competitive gaming organization founded in 2015 by Dota 2 legends Johan “nOtail” Sundstein and Sébastien “Ceb” Debs.

OG made history as the first team to win consecutive titles at The International—the annual, high-profile Dota 2 world championship tournament—in 2018 and 2019, and has since expanded into multiple games including Counter-Strike, Honor of Kings, and Marvel Rivals.

The team was also the first esports organization to join the Socios platform with the 2020 debut of its own fan token, which Chiliz said recently became the first esports team token to exceed a $100 million market capitalization.

OG was recently priced at $16.88, up nearly 9% on the day following the announcement. The token’s price peaked at a new all-time high of $24.78 last week ahead of The International 2025, where OG did not compete this year.

Following the acquisition, Xavier Oswald will assume the CEO role, while the co-founders will turn their attention to “a new strategic project consolidating the team’s competitive foundation [and] driving innovation at the intersection of esports and Web3,” per a press release.

No further details were provided regarding that project.

“Bringing OG into the Chiliz Group is a major step toward further strengthening fan experiences, one where the community doesn’t just watch from the sidelines but gets to shape the journey,” Chiliz CEO Alex Dreyfus told Decrypt. “With the team’s legacy, founders like Johan and Ceb still front and center, and a digitally native fanbase, we have the perfect foundation to explore a next-gen model for esports engagement.”

“Working with the OG founders, we will explore making the $OG shop a window [into] what fan tokens can bring to fan communities,” he added. “That could mean token-based governance, NFT ticketing, exclusive drops, or on-chain loyalty systems, and possibly even innovative ideas like tying buybacks to team revenue and tournament prizes.”

OG currently has the highest market cap of any fan token on the Socios.com platform, according to data from CoinGecko. Socios has also introduced official tokens tied to traditional sports giants like Juventus, FC Barcelona, and Paris Saint-Germain F.C., along with the UFC fighting league.

Socios.com will serve as the exclusive platform for OG fan tokens, positioning the token as an example of the evolving fan economy that integrates real-world assets, merchandise, and club revenues.

“We’re still early in this partnership, but the goal is clear: to align OG’s competitive success with real, on-chain value for their global fanbase,” said Dreyfus. “This is where esports and Web3 can truly come together.”

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September 17, 2025 0 comments

GameFi Guides

Base Network Token Exploration Unveiled By Coinbase CEO, Future Plans Disclosed

by admin September 16, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In a recent announcement on X (formerly Twitter), Brian Armstrong, the CEO of US-based cryptocurrency exchange Coinbase, revealed that the company is actively considering a token launch for Base, its Ethereum (ETH) layer-2 (L2) network.

Coinbase’s Base Network Takes Steps Toward Token Launch

Armstrong articulated that the potential introduction of a network token could serve as a “powerful tool” to accelerate decentralization and foster growth among creators and developers within the ecosystem.

Following the firm’s BaseCamp 2025 event in Vermont, the executive emphasized the importance of building in the open, stating that the exploration of this token aligns with their commitment to transparency and community engagement.

Accompanying Armstrong’s announcement, the Base network published a blog post confirming its intention to explore a network token. The post highlighted that this exploration is in its early stages and does not come with definitive plans at this moment

In addition to the token exploration, the blog post also unveiled an open-source bridge designed to enhance interoperability between Base and the Solana (SOL) blockchain as part of a broader initiative to facilitate seamless interactions across different chains.

No Definitive Plans Yet

When Base originally launched, its focus was clear: to establish a developer-friendly ecosystem capable of executing secure transactions at low costs. The introduction of a network token was not deemed necessary to meet these goals.

However, with the successful achievement of sub-second and sub-cent transactions, as well as nearly one million active users according to Token Terminal data, the team aims to establish a more open and accessible on-chain economy.

Base’s active users. Source: Token Terminal

The network’s blog post noted that exploring this possibility is one avenue toward realizing their vision of a global on-chain economy, which could enhance decentralization and create more opportunities for builders and creators.

While the exploration is in its nascent stages, the firm made it clear that there are no specific timelines, designs, or governance structures in place yet.

In addition, the blog post reiterated three key commitments to the community: a continued dedication to the Ethereum blockchain, adherence to regulatory guidelines as a US-based company, and a focus on building transparently:

If and when we move forward with a token, it will be grounded in principles, values, and in alignment with our long-term mission: to build a global economy that increases innovation, creativity, and freedom.

In conclusion, Armstrong specified that this is not a definitive plan but rather an update to their philosophy as they consider the future of the network.

The daily chart shows COIN’s consolidation following its recently achieved all-time high. Source: COIN on TradingView.com

When writing, Coinbase’s stock, which trades on the Nasdaq, has reached a valuation of $324. It is still in consolidation mode after dropping from its record high of $444 in July of this year.

Featured image from CCN.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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September 16, 2025 0 comments

NFT Gaming

Base Blockchain Explores Issuing Native Token, Says Creator Jesse Pollak

by admin September 16, 2025

Base, the layer-2 blockchain developed by Coinbase (COIN), is exploring issuing a native token, a move that might spur a spike in activity in what is already the second-largest L2 as users attempt to secure eligibility for a potential airdrop.

“We’re going to be exploring a network token,” the network’s creator, Jesse Pollak, said at the BaseCamp event on Monday.

“I will be up front with y’all, it’s early,” he added as he tapered expectations on the timing of a possible release.

When Base debuted in 2023, Coinbase said it had no plans to issue a token. It’s not clear whether what’s now being considered will be a standard governance token or if it will have on-chain utility. Base is committed to building the token on Ethereum and will work with regulators on issuance and distribution, Pollak said.

“As a U.S. company, we’re committed to working with regulators and legislators, and doing this right,” he said.

Base has amassed $5 billion in total value locked (TVL) since it was introduced, with $1.7 billion added in 2025 alone. It is the largest layer-2 network behind Arbitrum by TVL, according to L2Beat.

The biggest layer-2 token is currently mantle (MNT) with a market cap of $5.3 billion despite just $219 million worth of capital locked on the network. That’s roughly double the value of tokens from Polygon, Arbitrum and Optimism — three of the best known layer 2s — whose native tokens are worth between $1.3 billion and $2.7 billion.

Though TVL is smaller, Base has seven times the number of user operations per second (UOPS) than Arbitrum, and the most impressive metric is transaction count over the past 30 days: 328 million transactions sent on Base, dwarfing Arbitrum’s 77 million.

Both eclipse the Ethereum mainnet, whch facilitated fewer than 50 million transactions in the same period.

UPDATE (Sept. 15, 16:12 UTC): Adds context throughout, includes data points on Base usage.

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September 16, 2025 0 comments