Eterbase Crypto Exchange Review: What Went Wrong and Why It Shut Down
Eterbase was a popular European crypto exchange that shut down after a $5.5 million hack in 2020. Learn what went wrong, why it failed, and what you should use instead.
When you hear XBASE token, the native utility token built for the Base blockchain ecosystem. Also known as Base chain token, it enables payments, governance, and access to decentralized apps running on Base — a fast, low-cost Ethereum layer-2 network backed by Coinbase. Unlike tokens that exist only on paper or in hype, XBASE is actively used by developers building DeFi tools, NFT marketplaces, and yield protocols on Base — the same chain behind projects like CYI by Virtuals and Elk Finance.
Base isn’t just another blockchain. It’s where real users are moving because transactions cost pennies and confirm in seconds. That’s why tokens like XBASE matter: they’re the fuel for apps that people actually use. If you’ve seen CYI analyzing DeFi yields or Elk Finance swapping assets across chains, those apps likely rely on Base’s infrastructure — and XBASE helps make that possible. It’s not a meme coin. It’s not a speculative gamble. It’s a functional piece of the ecosystem, designed to keep apps running smoothly and users in control.
Related entities like Base blockchain, a scalable, Ethereum-compatible layer-2 network optimized for low-cost transactions, and DeFi token, a cryptocurrency used to access, govern, or pay for decentralized financial services are deeply tied to XBASE. You can’t understand XBASE without understanding Base. And you can’t understand Base without seeing how tokens like XBASE, ACA, MOO, and ELK power real tools — not just promises.
Some people confuse XBASE with other tokens because they all end up on the same chain. But XBASE isn’t TULIP, it’s not APPLE, and it’s not BULEI. It doesn’t promise moonshots or viral memes. It’s the quiet backbone — the same way Acala Token keeps Polkadot’s DeFi running or MOO enables lending on Celo. If you’re using a DeFi app on Base, chances are XBASE is already working behind the scenes.
What you’ll find below isn’t a list of random posts. It’s a collection of real-world examples showing how tokens like XBASE fit into the bigger picture: how blockchains work, who builds on them, and what actually delivers value. You’ll see how exchanges like AscendEX and ARzPaya support these chains, how regulations in Japan and Vietnam shape their growth, and why some tokens survive while others vanish. This isn’t theory. It’s what’s happening right now — on Base, on Solana, and everywhere else crypto is actually being used.
Eterbase was a popular European crypto exchange that shut down after a $5.5 million hack in 2020. Learn what went wrong, why it failed, and what you should use instead.