1. Decentralized exchange (DEX) aggregator 1inch Network is expanding to Coinbase's Ethereum layer 2 (L2) network, Base.
2. #1inch has deployed its aggregation protocol and limit order protocol on the Base network as part of its expansion strategy in the DeFi industry.
3. The company will initially aggregate liquidity from 15 decentralized exchanges (DEXs) on Base, including Uniswap and SushiSwap.
4. Sergey Kunz, co-founder of 1inch Network, expressed excitement about expanding to Base due to its promising L2 solution incubated by Coinbase.
5. 1inch was already active on various networks like Ethereum, BNB chain, Avalanche, Polygon, and Arbitrum.
6. 1inch is a leading #DEX aggregator with a trading volume of over $1 billion in the past week.
7. The Base network has gained significant interest since its public launch on August 9, attracting various DeFi protocols.
8. Base's growing network activity is partly attributed to the popularity of the decentralized social media platform Friend.tech.
9. #Base achieved a daily transaction-per-second (TPS) peak of 15.88, surpassing Ethereum and other layer 2 networks on August 21.
10. Despite initial concerns about its reputation, Base's growth seems to be thriving due to the recent surge in DeFi activity on the network.