The price of the Base Protocol token ( BASE ) jumped from levels around $ 2 to a maximum of $ 7.5 after the announcement of Coinbase about the launch of the Base second-level solution test network.
Following an increase of about 275%, quotes went to correction. However, over the past 24 hours, the coin has still added more than 15%.
BASE capitalization barely exceeds $ 1 million. In this indicator, the token is at the beginning of the third thousand CoinGecko ratings. Presumably, speculators reacted to consonant coins with an L2-decision from the largest American exchange.
At the same time, Coinbase warned that they did not plan to release a new token. To pay for commissions, it uses ETH.
2 / Important: Base is * not * a token
We do not plan to issue a new network token for Base and will use ETH as the native gas token.
— Coinbase ( @ coinbase ) February 23, 2023
Coinbase built a new network based on the OP Stack architecture from another — Optimism second-level Ethereum solution. OP token has risen in price by almost 12% over the past day%.
The day before, the Synthetix synthetic asset platform team launched the third version of the protocol on the Ethereum and Optimism mainnet.
Recall that the developers of the DeFi project launched this L2 network in 2021.