Investment bank JPMorgan has predicted that Coinbase’s upcoming native token for the Base network could boost its market value by up to $34 billion. According to their report, this new revenue stream would complement existing on-chain trading strategies and leverage USDC returns. The report cites the Base network’s growing success, exceeding $5 billion in locked assets (TVL) and over 9 million daily transactions since its launch in August 2023. Analysts predict that this tokenization could translate into tangible equity for Coinbase. The study estimated Coinbase’s long-term market value to range between $12 billion and $34 billion, with a potential equity value of $4 billion to $12 billion if they hold around 40% of the token supply. Coinbase executives have also acknowledged exploring the possibility of issuing a native token for Base at recent conferences. Project leader Jesse Pollak expressed that it could accelerate decentralization and unlock new opportunities for developers. CEO Brian Armstrong confirmed the idea is still in its exploratory phase but offers no concrete plans.