Solana’s collaboration with Coinbase’s Ethereum 
$3,094-based layer-2 network, Base, has marked a significant development in the blockchain space. Through this partnership, they have utilized Chainlink 
$13’s Cross-Chain Interoperability Protocol (CCIP) technology to create an official link between their networks. This exciting development is designed to enhance liquidity and allow for smoother asset transfers for users across the two major blockchains. Base has announced that this bridge is now live on the mainnet, enabling developers to begin integrations. Applications like Zora, Aerodrome, Virtuals, Flaunch, and Relay are already making this bridge available to their users.
Chainlink-Backed Bridge Connects to Main Network
As a result of this integration, users can now trade Solana 
$139 and Solana-based assets on Base. Base developers are also equipped to natively incorporate SPL tokens into their applications. According to DefiLlama’s data, Solana is the second-largest blockchain with $9 billion in locked assets, while Base ranks sixth with $4.5 billion. Both networks offer low transaction fees and high-speed services, indicating a potential acceleration in liquidity flow.
This technical advancement represents a crucial milestone by merging EVM-compatible chains with Solana’s non-EVM architecture. Base seeks not merely to compete within the EVM ecosystem but to evolve into a multi-chain hub, aligning with users’ demand for access to different networks through a single wallet.
Memecoins, User Activity, and Other Developments
Recently, both Base and Solana have gained prominence, particularly in the minting of memecoins and handling fast-paced transactions. However, Solana’s active address count has been on the decline for the past year, falling from over 6 million in November 2024 to 2.4 million today. Although there is a drop in active addresses on Base, the network achieved a record 407 million transactions in November.
Coinciding with this bridge move, Solana is experiencing another notable development: Solana Mobile is preparing to launch its native token in January. This expansion into mobile is part of a strategy to reinforce Solana’s user base. Simultaneously, Solana’s NFT market is showing signs of recovery, with trading activity picking up and multiple collections gaining new momentum.
Regarding market pricing, the news did not trigger the expected bullish response. SOL’s price dropped by 3% during the day, sliding below $140. Since its all-time high of $293 in January 2025, SOL has lost over 50% of its value. Chainlink’s token, LINK, also fell by 3% to $14.30. Despite the launch of the first spot LINK ETF in the U.S., the altcoin market’s overall weak performance continues to exert pressure on Chainlink.
