THORChain, a decentralized liquidity platform, has announced support for Coinbase’s Ethereum L2 network Base. THORChain’s support for Base enables streamlined cross-chain swaps of Base assets along with the other chains such as Dogecoin, Ethereum, and Bitcoin. The platform took to social media to announce this exchange support.
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— THORChain (@THORChain) January 16, 2025
THORChain integrates Base to offer cross-chain swaps to users for broader accessibility
THORChain claimed that it has integrated Base, allowing its users to trade BASE.USDC and BASE.ETH. Moreover, BASE.cbBTC is also whitelisted in case of pool creation, while it will be fully active after providing liquidity. The platform added that Base swaps will go live on several well-known interfaces such as ShapeShift and THORSwap. This will reportedly ensure wider accessibility to consumers.
In accordance with the data provided by THORChain, the latest update increases the number of supported blockchains. This list now includes Cosmos Hub, Dogecoin, THORChain, Litecoin, Bitcoin Cash, Avalanche, BNB Chain, Base, Ethereum Mainnet, and Bitcoin.
Base works as a secure, developer-friendly, and low-cost L2 solution serving Ethereum. It focuses on promoting global financial participation in the chain. With the integration of Base, THORChain lets its consumers leverage its robust ecosystem and receive rewards for providing liquidity.
Platform plans more integrations to maintain its key position in cross-chain innovation
According to THORChain, the Base integration highlights the broader goal of democratizing cross-chain DeFi accessibility. Since this is just the beginning, the partnerships with Strangelove Labs and Nine Realms also reflect the platform’s efforts to expand its capabilities. The integration thus signals a crucial step in THORChain’s mission to establish an interconnected and resilient DeFi ecosystem. In addition, it is also planning further integrations for the future. With all this in mind, the company maintains its position as a leader in cross-chain innovation.