- Base will transition from Optimism’s tech to its own in-house codebase, removing Optimism from its security council.
- The move is a major financial shift, as Base historically generated over 90% of revenue for the Optimism Collective.
- OP token fell up to 20% on the news, while a rumor mill about a potential BASE token launch for 2026 has heated up.
- Three hard forks are planned, with the first introducing Base-specific proofs; end users will see no disruption.
Coinbase’s Base layer-2 network announced its independence from the Optimism Superchain on Wednesday, according to a published blog post. The chain, which holds $3.85 billion in total value locked, will now operate on a fully in-house codebase called base/base.
Consequently, the native token of the Optimism ecosystem, OP, fell as much as 20% on the news. This drastic market reaction reflects Base’s dominant role, as it has historically generated over 90% of the Superchain’s total revenue.
The new unified stack consolidates Base’s sequencer, proofs, and core infrastructure into a single repository. It replaces Optimism’s optimistic proofs with Base-specific TEE/ZK proofs and removes Optimism from the Base Security Council.
Base announced plans for two more hard forks, with Base V3 timed around Ethereum‘s upcoming Glamsterdam upgrade. Node operators will need to migrate to the new releases, though end users will experience no disruption.
Meanwhile, the rumor mill about a potential BASE token launch has intensified. One analyst suggested the stack change was a prerequisite to drive value to a future token.
In broader markets, crypto majors rebounded 1-3%, with BTC at $67,400. The CME also revealed plans to offer 24/7 crypto futures and options trading starting May 29.
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