Base in 'exploratory phase' of bringing COIN to the layer 2 for US citizens

Jesse Pollak, the head of Base and Coinbase Wallet, stated on social media that the team is "looking into" bringing COIN to the Coinbase-incubated layer 2 in 2025 — even though there are currently "no concrete plans."

"We are in an exploratory phase and working to understand what needs to be unlocked from a regulatory perspective to bring assets like $COIN to Base in a safe, compliant, future-looking way," Pollak wrote on X after agreeing that having the stock on the L2 "would be huge."

Pollak noted that COIN is technically already accessible for non-U.S. citizens via projects like RWA tokenization platform Backed. "We need regulatory clarity and improvements that embrace onchain as an open platform to unlock this for everyone," they said .

Meanwhile, Base's claim to the Ethereum L2 throne strengthened significantly throughout 2024 and into the new year — with its daily transaction count, active addresses, and daily unique addresses dominating other optimistic rollups, according to The Block's data.