Cryptocurrency exchange Coinbase has recently launched Blockchain to Base decentralized finance (DeFi). altcoin ecosystems UniSwap (UNI) And Aave (AAVE) brings.
According to Sources, Coinbase Will Add Support For Two Altcoins
Coinbase’s layer 2 Blockchain is built using the Ethereum scaling protocol Optimism and uses Ethereum’s native cryptocurrency ETH for fees on the network.
One of the sources speaking on the subject said, “Coinbase is in the process of incorporating a number of protocols into Base. UniSwap and Aave are two of them,” he said.
The same source added that UniSwap will likely be on Base in a few months.
Decentralized apps have managed to survive amid the turmoil currently affecting the crypto industry. While Coinbase is among the largest and most influential of centralized crypto trading platforms, the firm clearly understands the value placed on ecosystems to develop a decentralized blockchain network.
According to a recent management vote, UniSwap will also connect to the BNB Chain platform launched by crypto exchange Binance.
On March 8, Coinbase also introduced a new business solution called wallet as a service (WaaS) to help businesses deliver Web3 wallets to their customers.
WaaS provides customizable on-chain wallets through technical infrastructure, allowing businesses to create and deploy these wallets. Additionally, the wallet API provided by WaaS will allow businesses to create wallets for simple customer engagement, loyalty programs or in-game purchases.
*Not investment advice.
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