The popular decentralized exchange aggregator (DEX) 1inch has announced its integration with the Solana blockchain, marking a significant step towards creating a unified multi-chain DeFi ecosystem. This event, announced at TOKEN2049 in Dubai, provides users access to trade over 1 million tokens on Solana through the 1inch dApp. Thanks to the Fusion protocol, the platform ensures MEV-protected swaps, optimal rates, and minimal slippage.
The integration allows for low-fee exchanges using the high speed and scalability of Solana, which processes five times more transactions than Ethereum. In the coming months, 1inch plans to launch cross-chain exchanges between Solana and over 10 other supported blockchains, facilitating the removal of isolation between networks. Open smart contracts on Solana also enhance the project's transparency.
Users can already make exchanges through wallets such as Phantom and Trust Wallet, with support for additional wallets coming soon. This move strengthens 1inch's position in the competitive DeFi landscape and highlights Solana's potential as a leading platform for decentralized finance.
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