important notes
- Coinbase is currently tracking nine potential listings, including Solana DEX protocol Raydium and DePIN project Energy Network.
- RAY and ENERGY run on Solana, ELSA and FUN run on Base, and specific contract addresses are provided for accurate identification.
- Commencement of transactions remains subject to the establishment of appropriate market-forming partnerships and sufficient technical infrastructure.
Coinbase has added four cryptocurrency tokens to its listing roadmap and plans to initiate trading once certain conditions are met. The four tokens include Solana’s decentralized exchange Raydium (RAY), Energy Dollar (ENERGY), Elsa (ELSA), and Sport Fun (FUN).
Among its terms, Coinbase is seeking “market-making support and sufficient technical infrastructure,” according to the announcement. These four tokens join a list of five other cryptocurrencies that were already added to the listing roadmap as part of Coinbase’s transparency initiative.
Assets added to the roadmap today: Raydium (RAY), Energy Dollar (ENERGY), Elsa (ELSA), https://t.co/R8n0NEiQ4F (FUN) https://t.co/lyEugQo7Cv
— Coinbase Markets 🛡️ (@CoinbaseMarkets) January 7, 2026
RAY and ENERGY are Solana-based assets (SPL tokens) that operate on the 4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R and ENERGYi1ApwBAtGLKaeLZ4hRGMuPu1EG8PQTV4EDqFsW contracts, respectively. Meanwhile, ELSA and FUN run on Base using contracts 0x4B974e866746958FDc9471cC59bDb980a196b420 and 0x16ee7ecac70d1028e7712751e2ee6ba808a7dd92, respectively.
Knowing the exact token contract is essential for traders and users to properly identify each asset on the network for on-chain operations such as DEX trading and wallet transactions such as deposits and withdrawals to centralized exchanges such as Coinbase.
Other cryptocurrencies that are already part of the listing roadmap are ImmuneFi (IMU), Sentient (SENT), Lighter (LIGHTER), Brevis (BREV), and MegaETH (MEGA), all of which are ERC tokens.
Coinbase list: RAY, ENERGY, ELSA, FUN
According to data from DefiLlama on January 7, Raydium is one of Solana’s leading decentralized exchanges, with a total amount currently locked of $1.56 billion and a DEX trading volume of $11 billion in the past 30 days.
RAY is the protocol’s governance and rewards token and is currently trading at $1.18.
Raydium (RAY) on-chain data as of January 7, 2026 |Source: DeFirama
Energy Network is a decentralized physical infrastructure network (DePIN) on Solana that coordinates energy resources, rewards smart energy behavior, and creates decentralized energy markets. Fuse Energy was created by a company focused on energy oversupply and backed by investors such as Multicoin Capital and Accel.
The ENERGY token serves as a native utility and reward token. Users earn it for their contributions such as optimizing energy usage and participating in the network. It acts as a digital reward currency, incentivizing efficient behavior and supporting network governance and operations.
Sport.fun is an on-chain fantasy sports and predictions platform on Base. Users buy, trade, and compete for digital stock fractions of real-world athletes across leagues like the NFL, FIFA, and basketball. It combines fantasy sports, skill-based gaming, prediction markets, and blockchain mechanisms to enable transparent and trustless ownership and transactions.
FUN token is a native cryptocurrency. This will enhance transactions, fees, staking, gameplay rewards, and in some cases governance within the platform. The platform was recently launched with a token sale starting in December 2025 via platforms such as Legion and Kraken, with a focus on rewarded gameplay and athlete stock trading.
Related article: Coinbase head of research warns 33% of Bitcoin supply faces quantum risk
Information about Elsa is still limited as it appears to be a new or lesser-known token on Base. No clear official website, whitepaper, or detailed utility for the project was found from the available sources.
Solana is at a prime time and is receiving significant interest from institutions, such as the recent disclosures from Nasdaq-listed DeFi Dev Corp to make on-chain allocations for yield farming on its network. Additionally, Morgan Stanley has applied for Bitcoin BTC $91,240 24 hour volatility: 1.5% Market capitalization: $1.82 trillion Vol. 24 hours: $5.802 billion The Solana ETF aims to provide regulated cryptocurrency exposure as financial institutions expand access to digital assets.
Base, the Ethereum L2 owned by Coinbase, is going strong and is expected to become a significant competitor to Solana as the “Everything Exchange” in 2026.
Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so we recommend that you verify the information yourself and consult a professional before making any decisions based on this content.
