1inch launches cross-chain swaps on Solana
The decentralized trading platform 1inch (native token $1INCH ) now allows users to exchange cryptocurrencies directly between the Solana blockchain and other popular EVM-compatible networks (Ethereum Virtual Machine). This new feature is available in the 1inch dApp apps, Wallet, as well as through the dedicated Fusion+ API tool.
The new mechanism enables secure exchanges between Solana and over 12 other networks. According to 1inch representatives, this solution has several key advantages:
Increased security: Exchanges occur without the use of traditional cross-chain bridges, which often become targets for hackers.
Direct transactions: The absence of intermediaries makes the exchange process faster and simpler.
Protection from MEV: Users are protected from so-called "malicious" activities, allowing them to avoid fund losses.
The implementation of this technology eliminates fragmentation between the Solana blockchain and the EVM ecosystem, turning Solana into a full-fledged hub for DeFi (decentralized finance), as noted by 1inch developers.
