Decentralized Exchange Uniswap (UNI) Now Operating on Coinbase-Backed Layer-2 Base

Leading decentralized exchange (DEX) Uniswap has been deployed on Base, the new Ethereum layer-2 built by US crypto giant Coinbase.

Base is powered by the blockchain-scaling solution Optimism (OP), and its testnet first launched in February of this year.

Announcing the launch of Base support on X, Uniswap Labs says that users can now execute swaps or add liquidity directly on the Base chain from the Uniswap web app.

“Rumor has it that Base needs a DEX.

We’re excited to announce that Base is now live on the Uniswap web app.”

Uniswap is the biggest DEX in the world and by far the most liquid, with over $453 million in volume in the last 24 hours and over 1,700 tradable crypto assets, according to data from CoinGecko.

Base marks the eighth chain that Uniswap supports.

Coinbase engineers have designed Base to be compatible with Ethereum, Ethereum layer-2s like Optimism and other alternative layer-1s like Solana (SOL).

Base is also issuing a non-fungible token (NFT) called the “Genesis Builder NFT” to reward Base’s early developers. To earn the NFT, builders need to deploy a decentralized application (DApp) on Base and complete an on-chain application.

Coinbase previously noted that it has no plans to issue a new network token.

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Featured Image: Shutterstock/klyaksun/Abscent Vector