Coinbase’s Layer-2 Network Base Goes Live on Ethereum Mainnet

The Ethereum layer-2 network, Base, developed using Optimism’s OP stack, is now live on the Ethereum mainnet. Coinbase announced its plan to build Base in February as part of their “Coinbase Secret Master Plan,” according to CEO Brian Armstrong.

Jesse Pollak, head of protocols at Coinbase, emphasized that the mainnet launch of Base is a significant milestone in this plan. Base has been accessible to developers since July 13, and many users have already connected their ETH to the layer-2 network via a portal proxy contract. Additionally, members of the crypto community have shown interest in using Base since its doors were opened.

Upon launch, over 100 decentralized apps (dapps) and service providers are expected to operate on the Base network.