1inch, a decentralized exchange aggregator, has announced its expansion to the Coinbase-incubated layer-2 blockchain, Base. This will enable users to access the platform with lower transaction costs and higher speeds, as well as extra liquidity. The 1inch Aggregation Protocol and the 1inch Limit Order Protocol have been deployed on Base.Sergej Kunz, 1inch Network’s co-founder, commented on the development, saying that they are happy to expand to Base, as it is a very promising L2 solution, plus it’s incubated by Coinbase. He also mentioned that they share Base’s philosophy of bringing the next billion users to blockchain.Uniswap v3, Balancer v2, SushiSwap v3, Rocket Swap, and 1inch Limit Order Protocol v3 are some of the protocols that are immediately available via 1inch on the Layer 2 Ethereum scaling solution.Since opening the Base mainnet for public use, the network has consistently managed to attract over $100k daily active users. With the increase in popularity, the daily transactions on Base even briefly surpassed that of Ethereum. However, Base has also seen a frenzy of scam tokens, with more than 500 fraudulent tokens and $2 million in profits stolen in the process.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
8 |
| People |
Sergej Kunz, Coinbase, Friend.tech |
| Companies |
1inch, Coinbase, Base, Uniswap, Balancer, SushiSwap, Rocket Swap, Binance, PrimeXBT |
| Currencies |
Ethereum, Bitcoin, Base, 1inch, None |
| Securities |
None |
