1inch Launches DEX Aggregation Protocol
The DEX aggregator 1inch Network has announced that it will now operate on Base, Coinbase’s Ethereum layer 2 (L2) network.
1inch announced the implementation of its limit order protocol and aggregation protocol on the Base network, which is being developed by Coinbase, in a blog post on Thursday, August 24. According to the project team, this move is consistent with their intention to grow within the decentralised finance (DeFi) sector.
On the Base network, 1inch will start up by combining liquidity from 15 decentralised exchanges. Along with Uniswap and SushiSwap, these DEXs just recently debuted on Base.
1inch, a leading DEX aggregator with a trading volume of over $1 billion, has been deployed on various networks like Ethereum, BNB chain, Avalanche, Polygon, and Arbitrum. The Base network has experienced significant interest and growth since its public opening on August 9th. 1inch is just one of many prominent decentralized finance protocols launched on the layer 2 network.
(With inputs from Shikha Singh)
You need to login in order to Like
