Home | Crypto News | Coinbase-Backed Layer-2 Base for Decentralized Exchange Uniswap (UNI)

Coinbase-Backed Layer-2 Base for Decentralized Exchange Uniswap (UNI)

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The top decentralized exchange (DEX), Uniswap, has been implemented on Base, the brand-new Ethereum layer-2 created by US crypto giant Coinbase.

The blockchain scaling solution Optimism (OP), which powers Base, originally went live in February of this year on its testnet.

According to Uniswap Labs, customers can now perform swaps or contribute liquidity directly on the Base chain through the Uniswap web interface as a result of the availability of Base support on X.

According to rumors, Base requires a DEX.

In the Uniswap web app, Base is now available, which we are happy to share.

According to data from CoinGecko, Uniswap is the largest and by far the most liquid DEX in the world, with over $453 million in volume in the last 24 hours and over 1,700 tradeable crypto assets.

The eighth chain that Uniswap supports is Base.

Base was created by Coinbase engineers to be interoperable with Ethereum, layer-2s for Ethereum like Optimism, and alternative layer-1s like Solana (SOL).

To honor Base’s early developers, a non-fungible token (NFT) dubbed the “Genesis Builder NFT” is also being released by Base. Builders must launch a decentralized application (DApp) on Base and finish an on-chain application in order to receive the NFT.

In a previous statement, Coinbase stated that it has no intentions to launch a new network coin.

Jay Solano

Jay Solano

Jay is a crypto and NFT enthusiast dedicated to exploring the dynamic world of digital assets. As a crypto blog writer, he is sharing his knowledge of the latest trends, breakthroughs, and investment opportunities in the blockchain world.

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