Decentralized exchange aggregator 1inch has announced its expansion to Base, a Layer-2 blockchain solution incubated by Coinbase. This move aims to offer 1inch users lower transaction costs and higher transaction speeds, along with extra liquidity.
Key Developments:
- 1inch will deploy its Aggregation Protocol and Limit Order Protocol on Base.
- Base, supported by Coinbase, offers fiat onramps and will integrate with Coinbase products, extending these features to the entire ecosystem, including 1inch.
- 1inch users will have immediate access to protocols like Uniswap v3, Balancer v2, SushiSwap v3, Rocket Swap, and 1inch Limit Order Protocol v3 via Base’s Layer-2 Ethereum scaling solution.
“We totally share Base’s philosophy aimed at bringing the next billion users to blockchain,” said Sergej Kunz, 1inch Network’s co-founder.
Since opening its mainnet to the public, Base has consistently attracted over $100k daily active users. Its popularity has soared due to the social app Friend.tech, causing daily transactions on Base to briefly surpass those on Ethereum. However, the network has also been targeted by scammers who have launched over 500 fraudulent tokens, stealing $2 million in the process.
