/ Conviction Index / Base

Base

L2 Scaling · No token (Coinbase L2) · Launched Aug 2023
A-

Excellent (A-) — Conviction Grade

Base is Coinbase's Ethereum L2, built on the OP Stack. No token launched (deliberately). Strong consumer-application traction — onboard from Coinbase consumer base. Strongest L2 by transaction count in Q2 2026.

88
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Protocol Security
A-
Governance Decentralization
B
Liquidity
A-
Adoption & Utility
A
Regulatory Posture
A-
/ Public-Record Events

Key events & disclosures.

  • Mainnet Aug 2023
  • No-token strategy
  • Coinbase consumer onboarding
  • OP Stack architecture

/ Best for

Consumer-application deployments seeking Coinbase ecosystem integration; the default L2 for retail-onboarding applications.

/ Watch out for

No native token means no token-allocation exposure. Centralized Coinbase sequencer is the governance bottleneck.