1inch’s supported blockchains: Base

In this post, which opens our series on blockchains supported by 1inch, we’re featuring Base – a standout Layer 2 solution designed by Coinbase to offer affordable and efficient transactions for Ethereum users.

1inch currently supports 12 major blockchains, enabling users to swap across multiple chains and interact with a vast selection of tokens, all within one ecosystem. Our supported networks include Ethereum, BNB Chain, Arbitrum, Optimism, Fantom, Gnosis, Polygon, Kaia, Aurora, Avalanche, ZKsync and Base. This connectivity benefits both users and developers building multi-chain applications. 

Let's take a closer look at Base - a rapidly growing Layer 2 blockchain built on Ethereum that's making waves in decentralized finance.

What is Base?

Base is a Layer 2 scaling solution created by Coinbase. Built as an Optimistic Rollup using OP Stack technology, Base is designed for accessibility, low fees and seamless integration within the Coinbase ecosystem. By bundling transactions off-chain, Base reduces costs and network congestion, with final confirmations on Ethereum, thus benefiting from Ethereum’s security.

Unlike some other L2 networks, Base does not have its own token. It uses ETH for gas fees, maintaining alignment with Ethereum’s native currency and simplifying transactions for users. Its goals include greater decentralization and providing a developer-friendly environment, especially with tools and fiat on-ramps linked to Coinbase’s extensive user base. 

Base’s expansion and the surge of memecoins

Base’s rapid growth and network activity have set it apart in the L2 space.

• Total value locked (TVL): Base has experienced significant growth, currently boasting over $3 mln in TVL, according to DeFiLlama.This achievement ranks it as the fourth-largest EVM network by TVL.
• One of the stablecoin volume leaders: at the end of October, Base accounted for 30.06% of all stablecoin volume across networks, surpassing even Solana, Ethereum and Tron, according to Artemis Terminal.
•  Memecoin activity: Base adds a unique layer of excitement to its ecosystem by becoming a hub for memecoin trading, with tokens like Brett (BRETT) - the largest memecoin on Base, boasting a market cap of over $1 bln. Other popular tokens include Base God (TYBG), Mochi (MOCHI), Toshi (TOSHI), Byte (BYTE), Base God (TYBG), Doginme (DOGINME) and Based Shiba Inu (BSHIB).  

1inch supports a wide array of tokens on Base, including memecoins, which are also available for cross-chain swaps thanks to Fusion+.

1inch on Base

With 7+ bln in total trading volume and 11+ mln swaps on Base already processed, it’s no surprise that Base is one of the most active chains on 1inch! By supporting Base, 1inch enhances user functionality with access to major protocols like Uniswap v3, Balancer v2, SushiSwap v3, Base Swap, Kokonut Swap, Rocket Swap and more.

Through the 1inch Portfolio, users can explore DeFi opportunities across Base-based protocols and track Base-based assets. Developers can leverage the 1inch Developer Portal with Base-supporting APIs, and all 1inch products -  including the 1inch Wallet and 1inch dApp -  are fully compatible with Base. And with Fusion+, 1inch users can enjoy seamless cross-chain swaps involving Base, unlocking new DeFi possibilities across networks.

Stay tuned for more deep dives into 1inch features and supported chains!