- Founder Jesse Pollak emphasizes solving real problems, not creating tokens, for long-term platform success.
- Despite no native token, Base records highest Total Value Locked (TVL) among Ethereum layer 2 solutions.
Base, an Ethereum layer 2 network, prioritizes user-focused solutions over the issuance of a native token. Jesse Pollak, the founder of Base, articulated this strategy on the social media platform X, highlighting that this approach allows the team to concentrate on addressing real user issues and enhancing platform functionality.
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.
— jesse.base.eth (@jessepollak) November 30, 2024
Pollak used the Hyperliquid project as an example, pointing out that building a product that users find valuable should come before adding complex features like token pricing. This strategy, he suggests, leads to long-term success by keeping the focus on practical utility and user satisfaction.
In his statement, Pollak explained:
“Starting without a token lets us focus on solving real problems, which means we must continually prove our value every day.”
He further stated that there are no plans to introduce a Base network token, reinforcing the commitment to development and user needs over the dynamics of token economics.
Despite foregoing a native token, Base has recorded significant achievements as a leading Ethereum layer 2 solution. The network recently reached a new high in transaction volume, processing 9.32 million transactions on November 26th, indicating a high level of activity and engagement.
Additionally, Base has achieved the highest Total Value Locked (TVL) among Ethereum layer 2 solutions, demonstrating its effectiveness and popularity within the Ethereum ecosystem.
This strategy has facilitated rapid growth and established Base as a prominent player in the competitive landscape of Ethereum layer 2 solutions, illustrating the viability of sustainable growth without the introduction of a native token.
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Ethereum (ETH) is currently trading at $3,587.3 USD, down 3.31% over the past 24 hours. Despite this short-term decline, ETH has gained 42.72% over the past month and 56.98% year-to-date. Its market capitalization stands at $431.47 billion, with a 24-hour trading volume of $44.40 billion.
