June 16, 2025
By Anjali Kochhar
On June 4, 2025, a simple tweet from Coinbase’s Jesse Pollak triggered a wave of interest across the crypto landscape. “Base is for everyone,” he wrote five words that signaled a major strategic expansion from the largest US-based crypto exchange. While the words may appear symbolic, the market response was anything but casual. Investors, developers, and crypto traders immediately recognized the deeper meaning behind the message: Coinbase has opened up its Base Layer-2 network to support all assets listed on its main platform.
The timing couldn’t have been better. As Ethereum gas fees continue to rise and demand for scalable blockchain solutions increases, Coinbase’s move positions Base as a powerful alternative. It offers high-speed, low-cost transactions, and now with universal asset support, traders and institutions alike can operate in a more seamless environment. Within hours of the announcement, Ethereum saw a 15 percent increase in trading volume, while Coinbase’s stock price also moved upward, showing investor confidence in the integration.
Even more noteworthy was the introduction of wrapped assets like cbXRP and cbDOGE on the Base chain. These wrapped tokens allow users to interact with non-Ethereum native assets in the DeFi space. Over $7 million worth of these assets were minted in less than 24 hours, a strong signal that the community is ready to leverage Base for broader use cases. With the total transaction volume on Base crossing 1.8 million in a single day, it’s clear that the expansion is already gaining momentum.
Coinbase’s intention goes beyond improving technical efficiency. This step is about bridging gaps between different blockchains, between centralised exchanges and decentralised platforms, and most importantly, between early adopters and everyday users. By allowing full asset accessibility, Coinbase has created a unified layer for activity, innovation, and investment.
In a market where accessibility and interoperability are becoming vital for user adoption, Base could emerge as a leading force. For developers, this opens doors to build more dynamic dApps. For institutions, it means faster settlement and better liquidity. For retail users, it ensures wider participation without high transaction costs.
Coinbase is not just adding assets to a chain it is building an ecosystem that mirrors the future of decentralised finance.
Base’s full asset integration has also aligned with increasing institutional interest. As gas fees on Ethereum mainnet remain elevated, many traders are shifting toward Base for its cost-effective model. Analysts predict this move could push more DeFi activity onto Layer-2s, further solidifying Base’s role in the next phase of crypto adoption
About the author
Anjali Kochhar covers cryptocurrency and blockchain stories in India as well as globally. Having been in the field of media and journalism for over four years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.
