1inch Network integrates decentralized exchange aggregation protocol on Ethereum’s layer-2 solution, Base
1. Goal is to tap liquidity from leading DEXs and offer better swap rates.
2. Integration includes a limit order feature for Base users to exercise more control over trades.
3. Trades are automatically processed once the market price aligns with the user’s specified price.
4. 1inch Network’s trading volumes exceeded $1 billion last week.
5. Compatible with other layer-2 platforms and chains such as BNB and Avalanche.
Base gains over 100,000 active users since its mainnet launch
1. Growing enthusiasm around social media platform Friend.tech and their Onchain Summer campaign may contribute to Base’s popularity.
2. Base’s seven-day moving average for daily transactions is higher than Arbitrum and Optimism.
Hot Take
1inch Network’s integration with Base on Ethereum’s layer-2 solution enhances liquidity and swap rates for DEX users. The inclusion of a limit order feature further empowers Base users to have more control over their trades. This partnership, combined with Base’s growing user base and high transaction volumes, solidifies its position as a promising layer-2 solution in the crypto space.
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