Coinspeaker
1inch Protocol Expands Services to Ethereum-based and Coinbase-backed L2 Network Base
Leading DeFi liquidity aggregator network, 1inch protocol, announced its integration with Coinbase Global Inc (NASDAQ: COIN)-backed Ethereum (ETH) layer two solution Base. According to the announcement, the 1inch Aggregation Protocol and the 1inch Limit Order Protocol can now be accessed through the Base network. Through the integration with the Base network, 1inch protocol users get access to lower transaction costs and higher speeds, as well as extra liquidity.
Moreover, Coinbase Global is a respected cryptocurrency exchange around the world with deep liquidity provided by both retail and institutional investors. Interestingly, the cryptocurrency exchange announced the launch of the Base network earlier this month and the number of daily active users has surpassed 100k.
“We are happy to expand to Base,” Sergej Kunz, the co-founder of 1inch Network, noted. “Base is a very promisi
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