As far as I know, Coinbase doesn't have its own token, has it's own L2 (which is called Base https://base.org/ ).

This L2 (which itself is built with the Optimism tech, has its own ecosystem and all the stuff and only because it's backed by Coinbase itself, is gaining a lot of traction (currently ranked #8 in TVL).

The token & project $BASED ( https://www.basedswap.exchange/#/swap) is just one of the few AMM's which already started building there.

At 60K$ mcap and looking at how the dev is pulling out things (slow & sustainable rather than creating a quick pump & dump), I'm speculating about projects like this one getting some traction once proper bridges to Basechain get eventually built and gets another round of $$ inflow.

Contract: 0x7ABf012C7423d3F529b35A74106940F00eCB3c2b

Currently not listed anywhere (coingecko or coinmarketcap i mean), so please be careful if you dare to give it a try.

ah.

base bridge (only ETH) : https://bridge.base.org/deposit

take care Wendy!