Coinbase Announces Public Launch of ‘Base’ Layer 2 Blockchain Next Week

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Overview

Coinbase, the largest publicly traded cryptocurrency exchange in the U.S., has revealed that its Layer 2 blockchain, Base, will open to the public on August 9. Built using Optimism’s OP Stack, Base aims to enhance scalability and reduce transaction costs for Ethereum users.

Key Milestones


What is Base?

Base is Coinbase’s Ethereum-compatible Layer 2 solution, designed to foster faster, cheaper transactions while maintaining security. Key features include:

👉 Explore Base’s official documentation


Onchain Summer Initiative

Coinbase has launched “Onchain Summer”, a collaborative event featuring:

"Our mission is to bring the next billion users on chain."
— Jesse Pollak, Creator of Base

Market Response


FAQ Section

1. How do I bridge ETH to Base?

Starting Thursday, use Coinbase Wallet or supported bridges to transfer ETH to Base.

2. What’s the benefit of using Base?

Lower fees, faster transactions, and access to Ethereum’s ecosystem without congestion.

3. Is Base secure?

Yes, it leverages Ethereum’s security via Optimism’s battle-tested OP Stack.

4. Can I build dApps on Base?

Absolutely! Developers can deploy contracts using familiar Ethereum tools.

5. What’s “Onchain Summer”?

A month-long event celebrating Base’s launch with collaborations, NFTs, and developer incentives.

👉 Join Onchain Summer now


Conclusion

Base represents Coinbase’s strategic push into scalable blockchain infrastructure, aligning with broader industry trends toward Layer 2 solutions. With its public launch imminent, developers and users alike can expect a more efficient Ethereum experience.