Coinbase has listed Mamo (MAMO), Succinct (PROVE), and Towns Protocol (TOWNS), along with Euler (EUL), as part of its recent expansion of cryptocurrency offerings on August 5, 2025.
MAMO: A token on the Base network, designed as a personal finance companion leveraging AI to optimize portfolio management with low transaction fees and faster processing. Trading for MAMO commenced on or after 9 AM PT on August 6, 2025, with a current price of approximately $0.17 USD and a 42% price surge prior to listing, reflecting strong market interest. Its market cap is around $56.99M, with a circulating supply of 332,599,175 MAMO (33% of its max supply of 1 billion).
PROVE: Launched on the Ethereum network, PROVE is listed under Coinbase’s “Experimental Label” and is already available for trading on Coinbase’s website and mobile apps (iOS and Android). It has seen a significant price increase of 94.12% since its debut, indicating strong initial performance.
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TOWNS: Also on the Base network, Towns Protocol (TOWNS) is live and tradable on Coinbase’s platforms, with additional listings on exchanges like Binance and Bybit. It has experienced more volatile performance, with gains of 6.8% since launch. Like PROVE, it carries the “Experimental Label” on Coinbase.
Trading for PROVE and TOWNS is currently active, allowing users to buy, sell, convert, send, receive, or store these assets. MAMO and EUL trading started on August 6, 2025, at 9 AM PT, rolled out in phases as supply is secured. These listings align with Coinbase’s strategy to expand its altcoin portfolio, particularly for AI-driven and Layer-2 solutions, though geographical restrictions may apply due to regulatory compliance.
Investors should note potential volatility and conduct thorough research, as newly listed assets can experience significant price swings. Listing on Coinbase, a leading U.S. exchange with over 110 million verified users, significantly increases the visibility of MAMO and TOWNS, both native to Base. This exposure drives user interest and participation in Base’s ecosystem, attracting both retail and institutional investors.
The listings facilitate trading, with PROVE and TOWNS already live and MAMO trading starting August 6, 2025. Increased trading volumes, as seen with PROVE’s 94.12% price surge and TOWNS’ 6.8% gain, enhance liquidity on Base, making it a more attractive platform for decentralized applications (dApps) and users.
Base’s integration with Coinbase’s ecosystem, including its wallet and fiat on-ramps, simplifies user access to these tokens. This could accelerate the onboarding of Coinbase’s vast user base to Base, aligning with its goal to bring 1 billion users on-chain. Base, built on Optimism’s OP Stack, already competes with L2 solutions like Arbitrum and Polygon due to its low fees and high transaction throughput (85 TPS).
The listing of innovative tokens like MAMO (AI-driven portfolio management) and TOWNS (decentralized social protocols) reinforces Base’s appeal as a hub for cutting-edge dApps, potentially surpassing rivals in total value locked (TVL) and user activity. These listings diversify Base’s offerings, supporting DeFi (MAMO) and Web3 social applications (TOWNS). This broadens Base’s use cases beyond DeFi and NFTs, fostering a more robust ecosystem that rivals Optimism and Arbitrum.
Coinbase’s support for Base-native tokens signals strong backing for developers building on the network. The Base Ecosystem Fund and partnerships with infrastructure providers like Chainlink and The Graph further incentivize dApp development, potentially leading to more innovative projects on Base.
New listings often trigger short-term price spikes, as seen with MAMO’s 8% and PROVE’s 94.12% gains post-announcement. While this drives trading activity, it also highlights the volatility of “Experimental Label” tokens, requiring investor caution. Increased trading on Base could stabilize token prices over time, benefiting the L2 ecosystem.
Base’s use of Optimistic Rollups reduces gas fees and improves transaction speeds, addressing Ethereum’s scalability challenges. The success of MAMO and TOWNS could validate L2 solutions, encouraging other exchanges to list tokens from Arbitrum, Optimism, or Polygon, thus boosting the entire L2 sector.
Coinbase’s plan to decentralize Base through community-driven governance (e.g., via a DAO structure) aligns with the broader L2 trend toward trustlessness. Successful listings could accelerate this transition, enhancing Base’s credibility and inspiring similar moves across L2s.
By attracting users and projects, these listings strengthen Base’s competitive stance against Arbitrum and Optimism, while promoting interoperability and innovation across L2 ecosystems. However, investors should remain cautious of volatility, and developers may find new opportunities to leverage Base’s infrastructure for scalable, low-cost dApps.