Base Price Prediction: How High Could $BASE Go?

On September 15, 2025, at BaseCamp 2025, Jesse Pollak and the team confirmed what many in the community had been speculating: $BASE, the native token of Base, is coming.

Backed by Coinbase, a giant with over $570M in funding and more than 100 million users across products like Coinbase Wallet, Base’s upcoming token is one of the most anticipated launches in crypto. With such strong foundations, the question is: How high can $BASE climb at its Token Generation Event (TGE)? Let’s break it down. 

What is Base?

Base is a Layer 2 (L2) blockchain designed to supercharge Ethereum by making it faster, cheaper, and more accessible. As an optimistic rollup built on the OP Stack, Base bundles transactions off-chain and settles them on Ethereum’s mainnet, reducing costs while preserving security and decentralization.

Being fully EVM-compatible, Base allows developers to port Ethereum dApps seamlessly without code changes. This setup delivers key benefits like sub-cent gas fees, near-instant confirmations, and massive scalability – processing up to 100x more transactions than Ethereum L1. Base's mission? To onboard the next billion users to Web3, powering everything from DeFi to NFTs and social apps.

Launched in August 2023, Base has grown rapidly, hitting over 20M monthly active addresses and integrating innovations like an open-source bridge to Solana. It's not just tech; it's Coinbase's bet on a "global onchain economy”.   

Base's ecosystem is a vibrant tapestry of DeFi, NFTs, and SocialFi. Protocol like Aerodrome dominates liquidity provision with $1.032B in 24-hour volume, while Zora powers NFT minting with billions in secondary sales. Events like Onchain Summer have minted millions of NFTs and engaged thousands of creators, turning Base into a cultural hub.  

In essence, Base isn't building on Ethereum, it's extending it. As Jesse Pollak puts it, it's about creating a "global onchain economy" where billions can participate without barriers. With $BASE on the horizon, communities expect it to fuel that vision and may reward early users via airdrops.

What will $BASE Reach Upon Listing?

This analysis benchmarks $BASE’s potential valuation against established L2 tokens such as Arbitrum (ARB). Both projects share a similar Total value lock (TVL) & Total value secure (TVS), focusing on Ethereum compatibility and ecosystem expansion. Given these parallels, ARB serves as a strong framework for estimating $BASE’s potential at TGE.

Base vs. Arbitrum

Compared to ARB, Base shines in raw metrics, especially Total Value Locked (TVL) and user activity. Investors anticipate $BASE's market cap and Fully Diluted Valuation (FDV) to exceed those of its peers at launch.

As of September 22, 2025 (DefiLlama data):

• Base TVL: $5.027B — more than 1.5x Arbitrum’s ~$3.4B.
• Daily transactions: 14.57M.
• Active addresses (24h): ~832,000.
• Much of Base’s TVL is organic, driven by genuine DeFi activity on protocols such as Aerodrome. As a result, Base’s TVL has consistently reached new all-time highs since launch.

In contrast, Arbitrum’s TVL surpassed $3B in late 2024 but fell alongside the broader market. It only returned to the $3B level again in early August 2025. 

Where Arbitrum maintains an edge is in Total Value Secured (TVS). According to L2Beat:

• Arbitrum: $19.6B TVS.
• Base: $14.97B TVS.

From these figures, the picture is clear: Base is stronger in DeFi liquidity and user engagement, while Arbitrum still leads in capital security. Importantly, Base’s TVL strength was achieved without relying on speculative airdrop hype, showing resilience and adoption comparable to 1.5x Arbitrum’s. 

Base also benefits from the Coinbase ecosystem. While some may mistake this for a direct Linea-style funding boost, the reality is that Coinbase’s infrastructure, compliance, and user funnel provide structural advantages. The hype is justified because:

• $BASE would be Coinbase's first L2 token.
• Base powered by Coinbase's user base and tools.
• Sustained high TVL ($5B+), bridge volume ($21B bridged TVL), and highly developer activity.

$BASE Valuation

When estimating $BASE’s fair value, Arbitrum is the most logical benchmark. The following methods highlight two different approaches: 

• The valuation does not account for unquantifiable factors, such as the strength of investors, the development team, or market makers.
• The market price of ARB accurately reflected the project's value (Market Efficiency).

Method 1: Market Efficiency Assumption

This method assumes that ARB’s current price accurately reflects its fundamental value. By scaling Base’s metrics against Arbitrum’s FDV, we can project an approximate valuation for $BASE.

Under this, $BASE's expected $15.88B FDV at TGE. Assuming the total supply of $BASE is 10B, the token price is $1,588 at TGE.

Method 2: Revenue-Based Valuation

This method projects valuation based on transaction-driven revenue, since rollup economics depend heavily on throughput. By analyzing Arbitrum’s revenue growth and applying similar profit margins and P/E multiples to Base’s significantly higher transaction volumes, we can arrive at another price projection. 

Under this method, $BASE’ expected price is 0.953 USD, 1.019 USD và 1.509 USD (Assume that $BASE total supply is 10B token) 

Factors Influencing the $BASE Price at TGE

Crypto prices are volatile beasts, so beyond numbers, qualitative drivers matter.

Market Conditions and Investor Sentiment

As Ethereum’s “people’s L2,” $BASE is highly tied to ETH’s trajectory. If ETH rallies beyond $5,000, L2 tokens like $BASE could moon. However, if markets remain sideways or bearish, airdrop farmers may trigger heavy sell pressure.

Tokenomics and Allocation 

Details remain undisclosed, but $BASE tokenomics must align with U.S. regulations, since Coinbase is a publicly listed company. Allocation between community, developers, and investors will significantly impact short-term supply dynamics.

Pre-Market Data

While $BASE has yet to be listed, Whales Market has shown early pre-market activity, suggesting strong demand ahead of TGE.

Base Ecosystem

Base’s $5B TVL, Aerodrome’s $1B daily volume, and organic usage show that fundamentals are strong. Post-TGE, Base could mirror Optimism’s explosive growth (430% TVL jump after OP token launch in 2022).

Unlike zkSync or StarkNet, whose airdrop controversies hurt sentiment, Base’s organic adoption and Coinbase backing should provide more stability.

Conclusion 

Base is not just another Layer 2. It is Coinbase’s vision of a global onchain economy, already commanding billions in TVL and millions of active users. While risks remain in tokenomics, regulation, and market conditions, the $BASE token has one of the strongest launch foundations of any L2 project to date.

Expect volatility, but if adoption trends continue, $BASE could emerge as a top-three L2 token by market cap shortly after TGE.

FAQs 

Q1: When will Base launch its token?

No timeline has been announced. The team only confirmed that they are “exploring” the idea. Please follow official updates from the Base team for more information.

Q2: Will Base definitely have an airdrop?

Not confirmed, but given L2 precedents and recent hints, it is highly possible.

Q3: What is the price of $BASE today?

$BASE does not yet have an official market price since it has not been listed. However, you will soon be able to trade it on the leading pre-market platform, Whales Market. Here, you can buy more $BASE or sell to take profit before it is officially listed on CEXs like Binance or Bybit.

Q4: What is the $BASE pre-market price?

As of September 23rd 2025, $BASE does not yet have a pre-market price. However, you will soon be able to trade it on Whales Market.

Q5: What is the $BASE tokenomics?

There is no official information from the Base team regarding tokenomics yet. Please follow the official Base channels for future updates.