1inch launches on Solana as it processes fives times Ethereum’s transactions but similar volume
The post 1inch launches on Solana as it processes fives times Ethereum’s transactions but similar volume appeared on BitcoinEthereumNews.com. 1inch has launched support for Solana, enabling users to execute on-chain swaps through the 1inch dApp and connect with six APIs available on the 1inch Developer Portal. Announced at TOKEN2049 Dubai, the integration marks the first major deployment of 1inch’s Fusion protocol on Solana, setting the groundwork for cross-chain swaps between Solana and the more than 10 blockchains already supported by the platform. The integration arrives as Solana outperforms other blockchain networks in key metrics. According to Dune Analytics, Solana recorded $395 billion in DEX trading volume over the past three months, compared to Ethereum’s $364 billion. Solana also processed 4.8 billion transactions compared to Ethereum’s 1 billion, reaching 224 million active addresses versus Ethereum’s 78 million. The 1inch expansion leverages Solana’s short block times to optimize its Fusion protocol, which introduces intent-based trading where users define their desired parameters and market makers, or “resolvers,” compete to execute trades through a Dutch auction mechanism. The system allows exchange rates to start at a higher value and gradually decrease until a resolver accepts the trade, minimizing slippage and maximizing liquidity aggregation. 1inch asserts that its open-source smart contract code on Solana will offer greater transparency compared to other projects on the network. Cross-chain swap functionality between Solana and other supported chains is scheduled to go live in the coming months, a development 1inch describes as a step toward dissolving the isolation of individual blockchains and building a unified multichain DeFi ecosystem. Per 1inch’s announcement, more than 1 million Solana-issued tokens are now available on the platform, benefiting from MEV-protected swaps, aggregation across all liquidity sources, and the most audited smart contracts available in the ecosystem. 1inch success and competition 1inch’s decision to expand onto Solana follows a series of milestones for the platform, which remains one of the largest multichain decentralized…
The post 1inch launches on Solana as it processes fives times Ethereum’s transactions but similar volume appeared on BitcoinEthereumNews.com.
1inch has launched support for Solana, enabling users to execute on-chain swaps through the 1inch dApp and connect with six APIs available on the 1inch Developer Portal. Announced at TOKEN2049 Dubai, the integration marks the first major deployment of 1inch’s Fusion protocol on Solana, setting the groundwork for cross-chain swaps between Solana and the more than 10 blockchains already supported by the platform. The integration arrives as Solana outperforms other blockchain networks in key metrics. According to Dune Analytics, Solana recorded $395 billion in DEX trading volume over the past three months, compared to Ethereum’s $364 billion. Solana also processed 4.8 billion transactions compared to Ethereum’s 1 billion, reaching 224 million active addresses versus Ethereum’s 78 million. The 1inch expansion leverages Solana’s short block times to optimize its Fusion protocol, which introduces intent-based trading where users define their desired parameters and market makers, or “resolvers,” compete to execute trades through a Dutch auction mechanism. The system allows exchange rates to start at a higher value and gradually decrease until a resolver accepts the trade, minimizing slippage and maximizing liquidity aggregation. 1inch asserts that its open-source smart contract code on Solana will offer greater transparency compared to other projects on the network. Cross-chain swap functionality between Solana and other supported chains is scheduled to go live in the coming months, a development 1inch describes as a step toward dissolving the isolation of individual blockchains and building a unified multichain DeFi ecosystem. Per 1inch’s announcement, more than 1 million Solana-issued tokens are now available on the platform, benefiting from MEV-protected swaps, aggregation across all liquidity sources, and the most audited smart contracts available in the ecosystem. 1inch success and competition 1inch’s decision to expand onto Solana follows a series of milestones for the platform, which remains one of the largest multichain decentralized…
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