Coinbase Wallet’s November 7, 2025, update rebranded it as “Base”—its Layer-2 chain—introducing passkey onboarding, sponsored fees, and up to 4.1% APY on USDC rewards paid monthly, per Google Play notes. This overhaul—sunsetting the legacy Web3 Wallet by July 31, 2026—boasts 3.2 million monthly actives, emphasizing NFT integration and KYC tweaks for 120 million platform users. As Osmosis/Arbitrum delays persist sans fund risks, the update eyes seamless self-custody, per @CoinbaseWallet, amid 8.7 million Q2 transacting users.
Evolution accelerates: From Toshi origins, Base now imports smart wallets for faster access, slashing barriers with biometric logins and gasless txns. Q2 metrics: 108 million verified, $486.89M Plume RWA TVL via modular EVM. Yet, user gripes mount—4% sell-tax coins revert slippage, costing thousands—echoing Reddit’s July 2025 pleas to exit pre-sunset. Compliance evolves: Geographical NFT curbs and AML adjustments per jurisdiction, with Polkadot staking disabled November 3-5 for Asset Hub migration.
Technically, COIN‘s rally etches a cup-and-handle from October’s $200 low, RSI at 62 amid 28% volumes. Support at $220 (50-day EMA) resistance at $240 November pivot. Above $250 eyes $280 Fib, sub-$210 risks $190. Volatility at 22% awaits Q4 earnings.
This wallet update surges Base TVL 15%, hedging centralized risks. For users, unlocks DeFi’s door. As 2026 dawns, the rebrand narrates evolution: passkey prowess versus legacy limits. Track December integrations—yields boost 5%, etching Base as Coinbase’s custody cornerstone.
