Built as Ethereum's second-layer solution, Base is Coinbase's recently launched network—now available to all users after an initial developer-exclusive phase. To celebrate this milestone, Coinbase introduced Onchain Summer, a festival featuring collaborations with major brands releasing exclusive apps and NFTs on the platform.
What Can You Do on Base?
Here’s a breakdown of key functionalities:
Token Transfers:
- Bridge ETH from Ethereum’s mainnet to Base using Base’s official bridge.
- Cross-chain protocols like Wormhole also support Base.
Payments:
- Use Beam, a payment app that integrates with Twitter/X, to transact in USD or Eco (its native currency).
Token Swapping:
- Trade tokens via decentralized exchanges (DEXs) like Uniswap and Maverick Protocol (optimized for efficiency and customization).
- Note: LeetSwap is temporarily offline but plans to relaunch.
Username Creation:
- Masa Finance’s soulbound protocol lets users mint unique, non-transferable usernames. Over 280,000 have been registered since launch.
Launch a DAO:
- Aragon’s tools enable users or devs to create decentralized autonomous organizations (DAOs) on Base.
NFTs:
- Mint or collect NFTs, especially during Onchain Summer, where brands like Coca-Cola and Atari release limited-edition assets.
👉 Explore Base Network’s official bridge
FAQs About Base Network
1. Is Base Network free to use?
While transactions require gas fees (paid in ETH), they’re significantly cheaper than Ethereum’s mainnet.
2. How secure is Base?
As an Ethereum L2, Base inherits Ethereum’s security while improving scalability.
3. Can I transfer NFTs between Ethereum and Base?
Yes, via supported bridges like Wormhole or Base’s native bridge.
4. What’s the advantage of using Maverick Protocol?
It offers advanced liquidity strategies and lower slippage compared to traditional DEXs.
👉 Learn more about Maverick Protocol