The new DeFi integration: 1inch and Sonic chain
1inch expands trading capabilities through Sonic chain
On June 19, through a statement from Sonic Labs, the DeFi aggregation platform 1inch officially integrated the Sonic chain. This event ushers in a new era for cryptocurrency investors, allowing them direct access to the Sonic network via the 1inch wallet. Thanks to the smart routing algorithm Pathfinder, users will benefit from optimal trading rates, minimized gas fees, and faster transaction confirmations. Notably, the system also integrates an MEV protection mechanism to counter profit-hunting attacks and market manipulation.
Advantages of integrating the Sonic ecosystem and cross-chain capabilities
The highlight of this update is the capability to perform cross-chain transactions without bridges, minimizing the risk of asset depreciation when operating across chains between Sonic and other EVM-based smart contract chains like Ethereum, Binance Smart Chain, or Polygon. This provides a completely new competitive advantage in DeFi liquidity operations, ensuring that asset transfers occur safely, quickly, and without relying on traditional intermediary bridges. This is also a step forward in minimizing transaction fees, enhancing flexibility, and expanding user accessibility.
Impact of the event on the cryptocurrency market
This integration signals the expansion of the DeFi model that connects cross-chains more effectively, promoting the development of the Sonic ecosystem in the increasingly competitive cryptocurrency market. Investors and DeFi platforms will greatly benefit from the ability to optimize assets and multi-chain operations, contributing to enhancing the security, speed, and reliability of DeFi activities. This also promotes the development of farming, staking, yield farming, and seamless liquidity strategies across extended EVM chains.
Conclusion: Leveraging technology and new market potential
The integration of 1inch into the Sonic chain clearly demonstrates the commitment of cryptocurrency platforms to pioneer the application of smart routing technology and expand cross-chain capabilities. Investors can expect a future where DeFi products become optimized, safer, and more scalable. At the same time, this event opens up great opportunities to leverage optimal investment strategies in the cryptocurrency sector, helping to maximize profits from multi-chain decentralized services and enhance the value of digital assets within the community.
Source: https://tintucbitcoin.com/1inch-hop-tac-sonic-chain-dot-pha-defi/
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