1inch, a leading DEX (decentralized exchange) aggregator, has made its debut on Coinbase’s Base Blockchain. Users can now access 1inch’s innovative features and benefit from improved liquidity and competitive pricing directly on Coinbase’s platform. This partnership allows Coinbase users to seamlessly connect to multiple DEXs through 1inch, offering a more efficient and cost-effective trading experience. With 1inch’s integration on Coinbase, traders can take advantage of the liquidity across various exchanges and make informed decisions, all with the convenience of a single interface.
1inch Expands to Base, the Coinbase-Incubated Layer-2 Blockchain
Decentralized exchange aggregator 1inch has announced its expansion to Base, the layer-2 blockchain incubated by Coinbase. This move is expected to bring advantages to Base through Coinbase product integrations and convenient fiat onramps, benefiting projects within the ecosystem as well.
As part of the expansion, 1inch has deployed the 1inch Aggregation Protocol and the 1inch Limit Order Protocol on Base.
Improved User Experience on 1inch
The expansion allows 1inch users to gain access to another layer-2 solution, offering lower transaction costs, higher speeds, and additional liquidity. This will enhance the overall user experience and make decentralized trading more efficient.
“We are happy to expand to Base. 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.” – Sergej Kunz, Co-Founder of 1inch Network
Protocol Availability and Base’s Popularity
1inch users on the Layer 2 Ethereum scaling solution can now access protocols such as Uniswap v3, Balancer v2, SushiSwap v3, Rocket Swap, and 1inch Limit Order Protocol v3.
Base has gained significant traction since its mainnet launch, attracting over $100k daily active users. The network’s popularity surged due to the growing hype around the social app Friend.tech, leading to a brief period where daily transactions on Base surpassed that of Ethereum.
Challenges and Scam Tokens
Despite its success, Base has also faced challenges. The network has experienced a frenzy of scam tokens, with more than 500 fraudulent tokens appearing in a relatively short period of time. These scams resulted in the theft of $2 million in profits.
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**Title 1: 1inch Expands to Base, the Coinbase-Incubated Layer-2 Blockchain**
**Title 2: Enhancing User Experience: 1inch Aggregation and Limit Order Protocols Now Available on Base**
Decentralized exchange aggregator 1inch has recently made an exciting expansion announcement. The platform is now expanding its services to Base, the layer-2 blockchain incubated by Coinbase. This partnership brings numerous advantages to Base, including Coinbase product integrations and convenient fiat onramps. Additionally, these benefits will be extended to projects within the ecosystem, creating a more seamless and integrated user experience.
As part of this expansion, 1inch has successfully deployed the 1inch Aggregation Protocol and the 1inch Limit Order Protocol on Base. This integration allows 1inch users to access another layer-2 solution with notable advantages, such as lower transaction costs, higher speeds, and increased liquidity. By integrating with Base, 1inch aims to enhance its users’ experience while enabling more efficient and seamless decentralized trading.
Sergej Kunz, the Co-Founder of 1inch Network, expressed his excitement about this partnership, stating, “We are happy to expand to Base. 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.” This collaboration aligns with both companies’ vision to propel the mainstream adoption of blockchain technology.
With this expansion, 1inch users can now access various protocols on the Layer 2 Ethereum scaling solution, including popular ones like Uniswap v3, Balancer v2, SushiSwap v3, Rocket Swap, and 1inch Limit Order Protocol v3. This wider access to protocols allows users to explore different liquidity pools and trading options within the 1inch ecosystem.
Base has gained significant traction since its mainnet launch and has consistently attracted over $100k daily active users. The network’s popularity skyrocketed with the rise of the social app Friend.tech, resulting in a period where daily transactions on Base briefly surpassed those on Ethereum. This growth and user engagement underline the appeal and potential of Base as a layer-2 solution.
However, the success of Base has not come without challenges. The network has faced several scam tokens, with more than 500 fraudulent tokens emerging in a relatively brief period. These scams have caused significant financial losses, with scammers stealing $2 million in profits. Despite these challenges, Base and 1inch remain committed to maintaining a secure and trustworthy environment for their users.
In conclusion, the expansion of 1inch to Base marks an important milestone for both platforms. This partnership not only unlocks new opportunities and benefits for Base and 1inch users but also contributes to the wider adoption of decentralized trading and blockchain technology. With the integration of the 1inch Aggregation and Limit Order Protocols, users can expect enhanced trading experiences and improved accessibility to various protocols. As Base continues to grow and overcome challenges, it aims to solidify its position as a leading layer-2 blockchain solution.
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