1inch Network Expands on Base to Reshape DeFi Landscape
1inch Network has announced its strategic expansion on Base, the Layer-2 scalability solution for Ethereum developed by Coinbase. This move aims to provide 1inch users with increased liquidity, reduced transaction costs, and faster transaction speeds.
Main Breakdown:
- 1inch protocols implemented on Base, the Ethereum layer-2 of Coinbase exchange
- Base offers enhanced security, stability, and scalability at a lower cost
- 1inch Aggregation Protocol and Restricted Order Protocol available on Base
- Sergej Kunz, co-founder of 1inch Network, expresses enthusiasm for the expansion
- Base’s mainnet launch demonstrates growing demand for advanced scalability solutions
Hot Take:
The expansion of 1inch Network on Base signifies a significant development in the DeFi landscape. By leveraging Base’s Layer-2 Ethereum scalability solution, users can expect increased transaction efficiency, reduced costs, and improved liquidity. This integration paves the way for a future where DeFi capabilities are not hindered by blockchain infrastructure limitations. The synergy between 1inch and Base offers a glimpse into the promising future of decentralized finance.
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