1inch base network Archives - Coin Engineer https://coinengineer.net/blog/tag/1inch-base-network/ Btc, Coins, Pre-Sale, DeFi, NFT Mon, 04 Sep 2023 07:46:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png 1inch base network Archives - Coin Engineer https://coinengineer.net/blog/tag/1inch-base-network/ 32 32 Base TVL doubles to $380 million https://coinengineer.net/blog/base-tvl-doubles-to-380-million/ https://coinengineer.net/blog/base-tvl-doubles-to-380-million/#respond Mon, 04 Sep 2023 13:30:20 +0000 https://coinengineer.io/blog/?p=3590 The Base network, a Layer 2 Ethereum network on Coinbase, saw a significant increase in total locked value (TVL) following the launch of a decentralized exchange called Aerodrome. The TVL of the Base network has doubles reaching $380 million. According to DeFiLlama, this TVL data shows that the network has locked more than double the

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]]> The Base network, a Layer 2 Ethereum network on Coinbase, saw a significant increase in total locked value (TVL) following the launch of a decentralized exchange called Aerodrome. The TVL of the Base network has doubles reaching $380 million. According to DeFiLlama, this TVL data shows that the network has locked more than double the assets compared to the amount recorded on August 28th when Aerodrome launched. Aerodrome itself contributes over $200 million to Base’s total TVL.

Base TVL doubles to $380 million. The Base network went public in early August and has now become the fourth most valuable Layer 2 blockchain in terms of TVL, following other networks like Arbitrum One, Polygon, and OP Mainnet. Furthermore, the project team is actively making daily improvements in their pursuit of excellence.

Alexander Cutler, co-founder of Aerodrome, commented, “The growth has been exceptional and is a validation of our thesis that ecosystem-specific DEXs can thrive.”

You might like: What Is Base Network? Coinbase-Backed

Liquidity increased on Base

The development team at Velodrome Finance, a decentralized exchange built on the OP network, collaborated with 20 launch partners to introduce Aerodrome as a forked version of Base earlier this week. The team’s goal is to increase liquidity on the network and process a significant portion of transactions on-chain. This approach aligns with the strategies of Velodrome and OP Mainnet, both of which involve utilizing decentralized financial incentives.

Cutler added, “Before our launch, the liquidity landscape on Base was fragmented, and the DeFi ecosystem was lacking. We’ve helped facilitate over 20 partners joining Base, and they have also contributed to fostering a liquidity explosion within the ecosystem.”

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]]> https://coinengineer.net/blog/base-tvl-doubles-to-380-million/feed/ 0 1inch is Integrating to Base Network https://coinengineer.net/blog/1inch-is-integrating-to-base-network/ https://coinengineer.net/blog/1inch-is-integrating-to-base-network/#respond Fri, 25 Aug 2023 08:31:14 +0000 https://coinengineer.io/blog/?p=3336 1inch is Integrating decentralized rollup protocol and limit orders on the Ethereum Layer 2 network Base. The protocol will pull liquidity from some decentralized exchanges like Uniswap, Balancer, SushiSwap, and BaseSwap because of optimizing swap ratios. Then limit order protocol allows every user can trade at any price that they want. 1inch Co-founder Sergej Kunz

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]]> 1inch is Integrating decentralized rollup protocol and limit orders on the Ethereum Layer 2 network Base. The protocol will pull liquidity from some decentralized exchanges like Uniswap, Balancer, SushiSwap, and BaseSwap because of optimizing swap ratios.

Then limit order protocol allows every user can trade at any price that they want. 1inch Co-founder Sergej Kunz said that about Base Network:

Base is hopeful Layer 2 solution, it incubated by Coinbase.

1inch was a leader among other DEXes realizing a volume of just 1 billion. Right now, the protocol is integrated into zkSync, Arbitrum, and Optimism. Besides it supports some other blockchains like Ethereum, BNB Chain, and Avalanche. 

1inch on the Base Network

Base is released on 9 August as officially. And it reached more than 100,000 daily users count. Nowadays, Coca-Cola it been partnered with Base Network, and it emits its own NFTs there. The event increased Base’s popularity.

You might want to interest: What is Base Network?

Base Network passed Optimistic Rollups Optimism and Arbitrum. On 23 August Base reached 813.000 transactions compared with 646.000 on Arbitrum and 469.000 on Optimisim.

Last week, Compound was joined by Uniswap and Sushiswap which have joined Base. Yesterday USDC minter Circle said that USDC will released on the Base network. Then, it will coincide with its deployment on 6 new blockchain networks.

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