Brian Armstrong: Coinbase “Not Planning” To Launch Native Token for Base Community
In line with Decrypt, Brian Armstrong, the CEO of Coinbase, has confirmed that the cryptocurrency trade has no plans to introduce a token for its layer-2 community, Base.
Armstrong expressed satisfaction with the progress of Base since its launch in August. Inside a brief span of time, Base has emerged because the third-largest layer-2 community by way of whole worth locked (TVL), boasting round $500 million in TVL and over a million wallets interacting with the community.
Whereas Armstrong welcomed different exchanges exploring their very own layer-2 networks, he questioned the need for every utility to have its personal community. He instructed that consolidating round one or two layer-2 networks may very well be extra advantageous for the business as an entire.
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