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1inch Network Integrates with Base for Enhanced DEX Trading

1inch Network expands its DEX protocol to Ethereum's layer-2 Base to optimize liquidity and swap rates.
Published on 2023-08-24

Integration of 1inch Network with Base

1inch Network is enhancing its decentralized exchange (DEX) aggregation protocol by integrating with Ethereum's layer-2 solution, Base. This strategic move aims to leverage liquidity from leading DEXs such as Uniswap, Balancer, SushiSwap, and Base Swap, to offer users better swap rates and trading experiences.

Enhanced Trading Control with Limit Orders

A key feature of this integration is the introduction of a limit order function for Base users. This empowers traders with the ability to set specific prices for executing transactions, enhancing control over their trading activities. Trades are automatically processed when market prices meet the user's specified conditions.

Base: An Emerging Layer-2 Solution

Base, acknowledged for its impressive layer-2 capabilities, is associated with the renowned crypto exchange, Coinbase. This association adds significant credibility to the platform, boosting its adoption and user trust.

Expanding Reach and Support

1inch Network's trading volumes recently surpassed $1 billion, showcasing its growing influence in the decentralized finance (DeFi) space. The network supports a range of popular layer-2 platforms, including Optimism, Arbitrum, and zkSync Era, as well as compatibility with BNB Chain and Avalanche.

Base's Growing Popularity and User Engagement

Since Base's mainnet launch on August 9, over 100,000 active users have engaged with the platform. Analysts attribute this growth to the excitement surrounding the social media platform Friend.tech and the Onchain Summer campaign, which featured Coca-Cola's NFT collection, “Masterpiece.”

Competitive Transaction Volumes

Base is witnessing significant transaction volumes, with a seven-day moving average of 813,000 daily transactions as of August 23. This figure surpasses that of Arbitrum and Optimism, indicating robust user engagement and activity on the platform.

This integration of 1inch Network with Base marks a significant step forward in optimizing DEX trading, offering enhanced features and expanding the reach of decentralized finance solutions.

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