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Layer 2

Base

Coinbase's Ethereum layer 2, and the easiest onramp from a US exchange into onchain apps.

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By the Orca Crypto teamUpdated 2026-09-28How we check this5 min readReference
The short answer

Coinbase's Ethereum layer 2, and the easiest onramp from a US exchange into onchain apps. Base has no separate gas token. You pay in ETH, fees are usually well under a cent, and moving funds in from a Coinbase account takes seconds.

Live market data

LiveCoinGecko
Price
$2,665.93
+0.53% 24h
Market cap
$325.48B
24h volume
$15.91B
Rank
#2
All time high
$4,946.05

Prices as of September 29, 2026, replaced by live figures as the page loads. Prices move constantly and are for orientation only.

What Base is for

Base has no separate gas token. You pay in ETH, fees are usually well under a cent, and moving funds in from a Coinbase account takes seconds.

Because Base settles to Ethereum, your funds ultimately depend on Ethereum security plus the correctness of the rollup itself. That is a genuinely strong position, and it is not identical to holding on the base chain.

Technical summary

PropertyValue
LayerLayer 2
Launched2023
TypeOptimistic rollup
Settles toEthereum
Built withOP Stack

Block explorers

An explorer lets you verify any transaction, address or contract on this network yourself. Learning to read one is the fastest way to stop taking anyone's word for anything.

How to read a block explorer

Wallets that support it

Getting funds onto Base

The official bridge is the safest route. Third party bridges are faster and add their own risk, which has historically been the largest source of losses in crypto.

What to be aware of

  • Most layer 2s currently run a single sequencer operated by one company, which can in principle reorder or delay transactions.
  • Upgrade keys are often held by a small multisig, meaning the rules can change.
  • Withdrawing through an official optimistic rollup bridge takes about seven days by design.
  • Crypto assets are volatile. Drawdowns of seventy percent or more have happened on every network in this list, including the largest.
  • Sending to an address on the wrong network can lose funds permanently. Always send a small test amount first.

Nothing on this page is investment advice. We describe how networks work, not whether you should buy anything.

Other networks at this layer

Same job, different tradeoffs. Each of these has its own page covering what it is actually for, who runs it and where it struggles.

Common questions

Who actually runs Base?
Coinbase operates the sequencer today, which means one company orders the transactions. Base is built on the OP Stack and has committed to decentralizing that over time, and until it does the centralization is real and worth knowing.
Does Base have its own token?
No, and Coinbase has said repeatedly it does not plan one. Gas is paid in ETH, which removes a whole category of confusion and also removes the airdrop most people ask about.

Where to go next

Compared head to head

The question people actually ask is not "what is this" but "this one or that one". Each of these ends with a pick and the reasoning behind it.

New to Base?

We can get you set up with the right wallet, funded, and through a first transaction on this network in about an hour, on a screen share.

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