Immerse yourself in the spellbinding story of the deployment of the renowned Uniswap DEX on Base, the Ethereum Layer 2 developed by US platform Coinbase. Discover how this alliance, forged in the heat of DAO votes and approval, is breathing new life into the cryptocurrency universe and redefining the way users can exchange and provide liquidity.
A glimmer of excitement dances through the digital corridors as a new alliance takes shape in the ever-changing world of cryptocurrencies. On Monday evening, in a move that evokes the marriage of two worlds, decentralized DEX realm Uniswap proudly announced its merger with Layer 2 Ethereum, Base, a creation of US giant Coinbase.
Whispers of the need for a DEX within Base had spread like wildfire, carried by the wind of users’ desires. And on this long-awaited evening, Uniswap reveals its union with Base, opening a door to new horizons.
Uniswap, the biggest DEX in TVL!
“Rumor has it that Base needs a DEX. We’re delighted to announce that Base is now live on the Uniswap web app: You can add cash or trade on the Base network directly from the Uniswap web app,” sings Uniswap with infectious glee.
But this harmonious merger is no accident. It is the result of a governance vote, orchestrated last May, which saw the unanimous approval of the DAO. Like an assembly of wise men, minds converged to give birth to this unique alliance, a living example of the democratic power of blockchain.
And so, Uniswap joins the Base family, joining a select circle of blockchain networks that include Ethereum, Polygon, Optimism, Arbitrum, Celo, BNB Chain and Avalanche. The union of these forces promises to transcend the boundaries of the possible and create an ecosystem where users can immerse themselves in a world of fluid exchange and abundant liquidity.
But the story doesn’t end there. In July, Uniswap proudly unveiled its UniswapX protocol, a catalyst designed to amplify liquidity depth, improve prices and offer protection against Value Extractor Manipulation (VEM). Like a magician unveiling a magical spell, UniswapX promises to push back the boundaries of what’s possible, propelling cryptocurrency exchange to new heights.
Today, Uniswap reigns as the largest DEX in terms of locked value (TVL), raising its flag well above the $3.5 billion mark, according to Defillama figures. The digital skies reverberate with the echoes of this ascent, and DEX users, passionate and curious, stand ready to explore a new chapter in crypto history.