Chiliz expanded Fan Token into the Solana and Base ecosystems as it moved from a single-chain setup to a broader multi-chain model. The changes aim to increase access, improve liquidity, and connect sports-based crypto assets with a broader user base.
Chiliz Chain will continue to be the core layer of expansion. Smart contracts, governance voting, and core asset logic will continue to be processed. At the same time, Solana and Base act as distribution layers. These networks are expected to help cryptocurrencies reach more users and integrate with existing crypto platforms.
Chiliz expands fan tokens to base Solana
According to the official blog, this change is supported by LayerZero’s Omnichain Fungible Token standard. This framework allows cryptocurrencies to move between chains while also maintaining a single, unified supply. When a token is transferred, it is removed from the original chain and recreated on the new chain. This checks for duplication and maintains price consistency across markets.
This approach also reduces dependence on wrapped assets. Wrapped tokens typically represent a locked version of an asset held elsewhere. This model introduces risks and may result in liquidity being split into different pools. Chiliz’s system avoids this by maintaining a direct link between tokens across all supported networks.
Security remains an important part of the design. A multi-layer validation system is used for integration. To reduce the risk of single points of failure that have affected some cross-chain systems in the past, multiple independent validators must approve transactions before they can be completed.
Therefore, people will be able to access Fan Tokens without having to access another blockchain. This reduces friction and increases participation in the ecosystem.
This update introduces Fan Token activity and $CHZ token. Chiliz announced a buyback mechanism tied to ecosystem revenue. 10% of the revenue from Fan Token sales across all chains will be used for purchases. $CHZ. These tokens will be permanently removed from circulation.
This system connects the growth of the platform with the supply of tokens. available as activity increases across Solana and Base. $CHZ decrease. This creates a feedback loop that affects the value of the token over time as usage increases.
This expansion also coincides with Chili’s expansion into the US market. The timing is related to the FIFA World Cup being held in North America. The company is preparing its infrastructure to handle the increased global attention during the event.
Fan tokens for national teams such as Argentina and Portugal have already been released. More partnerships are expected to follow, including with US-based teams. By operating on Base, Chiliz will be able to connect with a regulated entry point and a broader retail audience.
This move also changes how Fan Tokens are used. For Chiliz Chain, its primary use was related to fan engagement and rewards. Once you have access to an external network, you can use these tokens in DeFi applications. Users can provide liquidity, earn fees, and explore financing options as they become available.
As part of the long-term SportFi vision, Fan Tokens is building a financial system around sports assets. This includes a combination of fan participation and decentralized finance tools.
The rollout has already begun. tokens such as $CHZ and community asset $PEPPER are now available chain-wide. Major club tokens linked to teams such as Paris Saint-Germain, Manchester City and FC Barcelona will also be launched soon.
Solana will be accessible through the Sunrise gateway and traded on platforms such as Meteora and Jupiter. At base, liquidity is concentrated at the airfield.
