What happened?
Bitget Wallet has announced a significant integration with Base, an Ethereum Layer 2 network incubated by Coinbase. This update includes the native integration of Aerodrome, a flagship decentralized exchange (DEX) on Base, within the Bitget Wallet app. As a result, users can now access Base-native assets and liquidity directly through the app, simplifying their DeFi interactions.
Who does this affect?
This development primarily affects users of Bitget Wallet who are interested in decentralized finance (DeFi) activities. The integration provides them easy access to Base’s DeFi ecosystem, including key assets like cbETH and cbBTC, without having to leave the app. Additionally, new users to Layer 2 networks may find it easier to participate in DeFi due to simplified features like one-tap access and GetGas for transaction fees.
Why does this matter?
The integration is significant for the market as it enhances accessibility to DeFi services, potentially bringing more users into the ecosystem. By lowering barriers to entry and providing straightforward tools for asset swapping, liquidity pooling, and earning rewards, Bitget Wallet could drive increased adoption of Ethereum Layer 2 solutions. Furthermore, the partnership with MoonPay for fiat withdrawals expands the wallet’s utility, attracting a broader user base seeking both crypto and fiat flexibility.