Ethereum News Today: Base Blockchain Aims to Build $100B On-Chain Hub by 2025

Coinbase's Base blockchain has outlined an aggressive expansion strategy to solidify its position as a global on-chain infrastructure leader, targeting $100 billion in on-chain assets by October 2025. The platform, which operates as a Layer-2 solution on Ethereum, aims to onboard 25 million users and 25,000 developers while increasing blockspace capacity to 250 million gas units per second (Mgas/s) to support transaction volumes. These goals align with Coinbase's broader vision to drive mainstream adoption of blockchain technology through scalable, low-cost infrastructure.

The roadmap emphasizes five key focus areas: enhancing developer toolkits, expanding on-chain application ecosystems, improving user ownership through integrated accounts, establishing liquid capital markets, and scaling infrastructure for global accessibility. To achieve these objectives, Base has prioritized technical improvements, including reducing transaction costs to under $0.01 and achieving sub-second processing speeds. The platform's current total value locked (TVL) stands at $4.7 billion, representing 2.23% of the global blockchain ecosystem.

Strategic partnerships are central to Base's growth plan. A recent collaboration with South Korean exchange Korbit enables multi-chain deposits and withdrawals, broadening access to Asian markets. Additionally, Phantom wallet's full integration with Base allows cross-chain transactions in ETH and USDC across Ethereum, Solana, and Polygon, enhancing interoperability. The platform also announced a bridge to Solana, described as a "hub for the global onchain economy," to facilitate seamless asset transfers between chains.

Base's developer ecosystem has seen significant traction, with over 25,000 builders contributing to decentralized applications, games, and DeFi protocols. Daily transaction volumes exceed 14 million, supported by low fees as low as $0.005 per transfer. The platform's anticipated native token launch, announced at BaseCamp 2025, is positioned to incentivize decentralized governance and institutional participation while maintaining regulatory compliance.

Coinbase's expansion efforts extend beyond Base, with the exchange introducing on-chain financial products such as Bitcoin-backed loans. Users can now collateralize BTC to borrow USDC, reflecting Coinbase's strategy to integrate blockchain into traditional finance. However, the company faces scrutiny over user account management practices, including instances of arbitrary account freezes reported by some customers.

The broader crypto ecosystem has also seen growth in stablecoin usage and real-world asset (RWA) tokenization. Stablecoin market capitalization reached $250 billion in Q2 2025, with volume rising 54% year-over-year. Meanwhile, RWA tokenization surged 245-fold since 2020, reaching $21 billion in value, driven by institutional interest in tokenized treasuries, private credit, and commodities. These trends underscore growing institutional adoption of blockchain infrastructure, with 19% of Fortune 500 executives now citing on-chain initiatives as part of their core strategies.

Coinbase's strategic focus on expanding its on-chain ecosystem aligns with industry shifts toward infrastructure-driven growth. By prioritizing scalability, interoperability, and user accessibility, the company aims to position itself as a foundational layer for the next phase of blockchain innovation.