Base Gets Bigger: Wrapped XRP, Cardano, Dogecoin, and Litecoin Coming to Coinbase’s L2

Coinbase has announced its plans to launch wrapped versions of several prominent cryptocurrencies—including XRP, Cardano (ADA), Dogecoin (DOGE), and Litecoin (LTC)—on its Layer 2 blockchain, Base. This move is a major step in bridging the liquidity and utility of popular non-Ethereum assets into the Ethereum ecosystem via Base, which is designed for scalability and low-cost transactions. Wrapped tokens are digital assets that represent cryptocurrencies from other blockchains, allowing them to be used within the Ethereum DeFi ecosystem. By introducing wrapped XRP, ADA, DOGE, and LTC on Base, Coinbase is enhancing interoperability and providing its users with broader access to decentralized applications (dApps) without leaving the Base network. The initiative aligns with the broader vision of making Base a hub for Web3 activity while leveraging the security of Ethereum. It also reflects Coinbase’s continued effort to promote the adoption of Layer 2 solutions and DeFi among mainstream crypto users. The wrapped assets will likely be custodied and bridged through reputable third parties, maintaining a 1:1 backing with the native coins they represent. Users will be able to use these assets for trading, lending, and participating in DeFi protocols within the Base ecosystem. This strategic launch comes at a time when competition among Ethereum Layer 2 solutions is intensifying, and Coinbase is leveraging its market position to draw in more liquidity and developer activity. By supporting non-Ethereum-native assets in wrapped form, Base could appeal to a more diverse range of users and projects seeking cross-chain functionality with Ethereum-compatible infrastructure.