In the words of Sergej Kunz, the co-founder of 1inch Network, “Base is a very promising L2 solution, plus it’s incubated by such a major player as Coinbase. In addition, we totally share Base’s philosophy aimed at bringing the next billion users to blockchain.”
Decentralized exchange 1inch (1INCH) has finished integrating with Base, Coinbase’s newly-launched layer-2 Ethereum (ETH) scaling solution.
According to 1inch’s blog post, the exchange has deployed the 1inch Aggregation Protocol to Base to provide more liquidity by extracting price data from multiple exchanges. The protocol can split transactions across a large number of DEXs to offer better buying and selling prices to users.
1inch has also released its Limit Order Protocol on Base. This smart contract offers loss-aversion facilities by allowing users to set stop-loss and trailing stop orders.
Coinbase deployed Base for general users on August 9, with the platform’s daily users exceeding the 100,000 figure as of writing. Since its release, Coinbase’s L2 network has grown tremendously in popularity and has even surpassed rival layer two protocols Arbitrum (ARB), Starknet (STRK), and Optimism (OP) in terms of weekly transactions per second. Base also has over 140 dApp and DEX integrations, including popular DEXes Uniswap (UNI) and SushiSwap (SUSHI).
Written by
Ayush Pande
Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.
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