@overcatby.base.eth
Part 1
@base.base.eth announced that it plans to release its own token. Although for the past three years, they have actively stated that there is no token and there will not be one. But in the crypto world, it is customary that if they say there will be no token, then there will be
one.
Binance remains the largest crypto exchange in the world in terms of trading volume.
Its BNB token trades at around $1,300 with a circulating supply of ~139 million tokens.
Thus, BNB's market capitalization is approximately $180-200 billion.
If we assume that BNB reflects 60-80% of the total value of the Binance ecosystem, then the potential valuation of the entire company is in the range of $250-330 billion.
This figure takes into account both the exchange business and revenues from derivatives, listings, products, and the BNB Chain ecosystem.
Coinbase, unlike Binance, is a public company traded on NASDAQ under the ticker $COIN.
Its current market capitalization is around $85-90 billion (as of October 2025).
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