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DEX aggregator 1inch goes live on Coinbase's Base network 1in | Crypto Calendar News

DEX aggregator 1inch goes live on Coinbase's Base network

1inch
Network has launched its decentralized exchange aggregation protocol and limit orders on the Ethereum Layer 2 network, Base. The protocol will draw liquidity from decentralized exchanges such as Uniswap, Balancer, SushiSwap and Base Swap to optimize user swap rates. Additionally, the limit order protocol will enable Base users to trade at desired prices, executing only when the market price matches their set value.

"Base is a very promising Layer 2 solution, plus it's incubated by such a major player as Coinbase," 1inch Network co-founder Sergej Kunz said. 1inch leads in the DEX aggregation niche, processing over $1 billion in trading volume within the past week alone. The protocol has already integrated with the Optimism, Arbitrum and zkSync Era Layer 2 networks and also supports the Ethereum, BNB Chain and Avalanche blockchains, among others. The Base mainnet officially opened to the public on Aug. 9, with the number of daily active users on Base surpassing 100,000 — partly attributed to the hype surrounding social network Friend.tech and Base's Onchain Summer initiative — including Coca-Cola's "Masterpiece" NFT collection.

Source

https://t.me/Bitcoin_Crypto_Coin_Calendar