1inch Launches Aggregation and Limit Order Protocols on Base Network

1inch Rolls Out Services on Base, Coinbase’s Ethereum Layer-2 Network

Decentralized exchange aggregator 1inch has launched its services on Base, the Ethereum layer-2 network incubated by Coinbase. The 1inch Aggregation Protocol and the 1inch Limit Order Protocol are now live on Base, allowing investors to place buy and sell orders at specific prices. The protocols will pull pricing data from 15 different decentralized exchanges on the layer-2 network, including Uniswap, Balancer, and Sushiswap. Sergej Kunz, the co-founder of 1inch Network, praised Base as a promising layer-2 solution incubated by Coinbase and aligned with their aim of bringing more users to blockchain.

Main Points:

1inch has deployed its Aggregation and Limit Order Protocols on Base, the Ethereum layer-2 network incubated by Coinbase.
The Limit Order Protocol allows investors to place buy and sell orders at specific prices.
Pricing data will be pulled from 15 different decentralized exchanges on the layer-2 network.
Base stands to benefit from Coinbase product integrations and easy fiat onramps.
The DeFi sector on Base is still in its early stages, with meme coin speculation dominating trading activity.

Hot Take:

The integration of 1inch’s services on Base is a significant development that will enhance the functionality and liquidity of the Ethereum layer-2 network. By allowing investors to place limit orders, 1inch is bringing more advanced trading capabilities to decentralized exchanges on Base. This move, combined with the support from Coinbase and its product integrations, positions Base as a promising player in the growing DeFi space. However, the dominance of meme coin speculation on Base highlights the need for more diverse and sustainable use cases to drive the network’s long-term growth.