On November 30, Base, the Ethereum L2 solution on Coinbase, made it clear that it had no plans for a native token. However, the L2 Network stated that it would focus on building dApp and empowering developers in the future. It even asked for input on how best to improve service delivery.
Base’s focus is on the development of dApps and encouraging developers
Jesse Pollak, founder of Base and head of protocols at Coinbase, revealed in a post on instead, the platform will prioritize dApp building.
He said:
And finally, there are no plans for a Base network token. We’re focused on building and we want to solve real problems so you can build better. I’d like your feedback on what we can do better.
~Jesse Pollack
In another post, Pollak tagged the platform’s “biggest strengths” are its open source, open standards and open markets, which he says deliver faster innovation and more fun. He gave the example of Clanker on the platform.
He has even encouraged developers to build on the platform, saying, “Build, and we will be rewarded.”
Base’s VIRTUAL is in surprisingly high demand, with its market capitalization growing by more than 60%
While the L2 Network has no plans to release a native token on its network anytime soon, some products on its blockchain are doing extremely well, including the VIRTUAL Token and aixbt.
According to CoingeckoAs of November 29, the market capitalization of the Virtual Protocols Ecosystem on Base’s platform had increased by more than 50.4% to $1.78 billion. It is currently approaching $2.4 billion, up 61%.
The 24-hour trading volume of the token VIRTUAL is $498,352,940. It is currently trading at $1.79, up 35% in the last 24 hours and up 206% in the last seven days.
Aixbt’s share price has also risen by over 323% in the past week, trading at $0.201. Pollack even commented on the rise of Aixbt and says the AI agent ranks first in mindshare in the chain.
Analysts have attributed the growing interest in the virtual products ecosystem to the escalated demand for AI agents and AI-based programs, which are efficient and fast in completing tasks.
Greg Isenberg, an entrepreneur and venture capitalist, projects even more revenue growth for AI agents like Aixbt. He believes the market for AI agents could easily grow into a trillion-dollar market, and says the world will soon replace human workflows with AI agents.