The Bankless Guide to Base

Base Explained: A Beginner's Guide to the Layer 2

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Incubated within Coinbase, Base is among the most popular Ethereum Layer 2 (L2) solutions. Along with the Coinbase Wallet app, Base is designed to provide an accessible gateway to all things onchain, from DeFi to NFTs and beyond. In this guide, we'll explore the basics of Base, how it works, and top projects to try in its ecosystem today.

Base is an optimistic rollup L2 developed on the OP Stack, a technology for custom L2 deployments and interoperability among Optimism's Superchain networks. It executes Ethereum-based transactions cheaper and faster than is possible on Ethereum itself.

Since launching one year ago, Base has experienced immediate success – it now boasts over $7.4B in TVL and more than 500k daily active addresses, making it among the most teeming networks in all of crypto.

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