@iamandrew
🟦 Base Series #2
Why Didn't Base Have a Token?
Until mid-2025, Coinbase had one clear message:
“No plans for a token.”
Then in September 2025, Jesse Pollak said:
“We’re exploring a network token.”
Why the change?
1. Revenue.
$185K+ daily is real business—even the SEC would notice.
2. Competition.
Arbitrum and Optimism grew fast by launching tokens.
Base didn’t want to fall behind.
3. Centralization pressure.
Coinbase currently runs the only sequencer.
That needs to change over time.
→ So now the question isn’t if Base will launch a token.
It’s who will get it—and how.
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