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UNI Is Now Using Layer-2 Foundation Supported By Coinbase

On Base, the brand-new Ethereum layer-2 created by US crypto juggernaut Coinbase, the top decentralised exchange (DEX), Uniswap, has been put into operation.

Optimism (OP), a blockchain scaling solution, powers Base, and its testnet was originally made available in February of this year.

Users can now execute swaps or contribute liquidity directly on the Base chain using the Uniswap web interface, according to Uniswap Labs, which has announced the availability of Base support on X.

“Rumor has it that Base needs a DEX.

We’re excited to announce that Base is now live on the Uniswap web app.”

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 honour Base’s early developers, a non-fungible token (NFT) dubbed the “Genesis Builder NFT” is also being released by Base. Builders must launch a decentralised 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.