The expansion to this new Coinbase-incubated blockchain is set to offer 1inch users access to deeper liquidity, lower transaction costs and higher speeds.
Continuing its expansion across the DeFi space, the 1inch Network is glad to share that the 1inch Aggregation Protocol and the 1inch Limit Order Protocol have been deployed on Base, a Layer-2 Ethereum scaling solution incubated by major crypto exchange Coinbase.
Sergej Kunz, the co-founder of 1inch Network, said:
“We are happy to expand to Base. Base is a very promising L2 solution, plus it’s incubated by such a major player as Coinbase. In addition, we totally share Base’s philosophy aimed at bringing the next billion users to blockchain.”
Built as an Ethereum L2, Base claims “to offer increased security, stability and scalability for powering dApps, as well as an EVM environment at a significantly lower cost.”
In addition, projects deployed on Base have “the opportunity to benefit from Coinbase product integrations and easy fiat onramps, and serve users in the Coinbase ecosystem.”
The Base mainnet was “launched to the general public on August 9. Since then, the number of the network’s daily active users has surpassed 100,000.” Meanwhile, the number of daily transactions has been “approaching those on the most popular Optimistic Rollup scaling solutions, Optimism and Arbitrum.”
Thanks to the Base expansion, 1inch users get “access to another L2 solution with lower transaction costs and higher speeds, as well as to some extra liquidity.”
Protocols immediately available via 1inch on Base are:
- Uniswap v3
- Balancer v2
- SushiSwap v3
- Base Swap
- Kokonut Swap
- Rocket Swap
- SwapBased
- SynthSwap
- HorizonDEX
- Velocimeter v2
- 1inch Limit Order Protocol v3
- Maverick
- DackieSwap
- Alien Base
- Woofi
As reported recently, 1inch has integrated with Klaytn’s Kaikas wallet.
Under this partnership, the 1inch Swap API will “power token swaps in Kaikas, a versatile wallet ensuring interaction with the Klaytn ecosystem.”
In its commitment to deliver a seamless DeFi experience across the globe, the 1inch Network is pleased to announce another exciting integration — with Kaikas, “a non-custodial digital wallet from Klaytn, the leading Web3 ecosystem in South Korea.”
Kaikas is described as “one of the most popular wallets for managing and storing digital assets in South Korea.”
Launched in June 2019 by the IT conglomerate Kakao, this public Level 1 blockchain now hosts more than one billion transactions “across over 300 dApps.” With activities ranging from participating in the Bank of Korea’s CBDC pilot to “driving innovative Web3 projects, Klaytn Foundation actively contributes to blockchain’s mass adoption.”
In their ongoing efforts, Klaytn continues “implementing innovative solutions, such as integrating the 1inch API into the Kaikas wallet to enhance its usability.”
Dr. Sam Seo, Representative Director of Klaytn Foundation, said:
“The integration of the 1inch Network’s leading DEX aggregation capabilities within the Kaikas wallet will provide users with a seamless way to swap between tokens on the Klaytn network, allowing them to easily experience the entirety of Klaytn’s vibrant ecosystem. Improving the wallet’s UX is key to mass adoption, and we’re excited to be working with one of the best in the industry to advance this goal.”