Coinbase to add Uniswap and Aave DeFi to Base Blockchain

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It seems coinbase is more active these days in the crypto space and they are trying to get more attention from the community. Last month we have seen and updates from the exchange that they are working on their blocks called the base and this was good news for the community as they are going to provide a great option. This is more like the binance smart chain and this is one of the best development done by any exchange in the Crypto space so far. It is always good when exchanges build a cost-effective platform and offer a bunch of services at a reasonable transaction fee then it is good and most of the time it is accepted by the community.

Now there is another update on the same that coinbase is going to add decentralized financing apps including Uniswap and have to its blockchain platform. I believe this is going to be good for us who are in the Crypto market because this way on the same change we are going to enjoy overwriting of investment options where the ownership remains with the investor. DeFi has been a great investment option in the Crypto market and it has got more attention because the control remains with the investor and there is no involvement of a third party to get the transactions executed.

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Decentralization is the key in the Crypto market so if any project is driving the development considering this factor then for sure they are building something which will be accepted by the community and it is going to get a nice user base. The new blockchain is going to be a layer to the network and this has been already launched last month but with the continuous development, the exchange is time to add more functionalities and provide more options to people.

Coinbase (COIN) is busy bringing decentralized-finance applications Uniswap and Aave to Base, the U.S.-listed exchange’s layer 2 networks that were launched last month. Coinbase’s Base layer 2 networks are built using the Ethereum-scaling protocol Optimism and use Ethereum’s native cryptocurrency ETH for fees on the network.

The bear market is a good time when many projects focus more on development because, during the Bull run, most of us are busy booking profit. In the current scenario, we cannot say when we are going to witness the Bull Ram and this is why the development is a need that should happen now to be ready for an upcoming Bull cycle where onboardings are going to happen with huge numbers.

Thank you so much
Stay Safe

Posted Using LeoFinance Beta



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