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2.25%Coinbase Is Adding DeFi Apps Uniswap and Aave to Its Base Blockchain: Source
A person familiar with the process said Uniswap would probably appear on Base in a couple of months.
By Ian Allison
Updated May 9, 2023, 4:10 a.m. Published Mar 14, 2023, 3:20 p.m.
Coinbase (COIN) is busy bringing decentralized-finance applications Uniswap and Aave to Base, the U.S.-listed exchange’s layer 2 network that was launched last month.
Coinbase’s Base layer 2 network is built using the Ethereum-scaling protocol Optimism and uses Ethereum’s native cryptocurrency ETH for fees on the network.
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“Coinbase is in the process of recruiting a bunch of protocols to Base. Uniswap and Aave are two of those,” a person familiar with the situation said.
Uniswap will probably appear on Base within a couple of months, the person added.
Decentralized apps have held up well amid the turmoil that is afflicting the crypto industry. While Coinbase is among the largest and most influential of the centralized crypto trading platforms, the firm clearly understands the value attached to ecosystems and hence the drive to incubate a decentralized blockchain network.
Uniswap is also going to be connected to the BNB Chain platform, which was launched by crypto exchange Binance, according to a recent governance vote.
Coinbase declined to comment.
Ian Allison
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
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