$1INCH officially integrates Solana, expanding multi-chain DeFi

▶️On the afternoon of April 29, 1inch – the DEX aggregation protocol – announced the integration of the Solana blockchain, allowing users to perform on-chain swaps with over 1 million tokens in this ecosystem. This integration uses an intent-based architecture, where users specify transaction parameters, and competing resolvers handle orders through Dutch auction, aiming to reduce slippage and optimize liquidity.​

▶️Solana is currently one of the fastest-growing DeFi networks, with total DEX trading volume reaching 539 billion USD, 5 billion transactions, and 228 million active wallet addresses in the past 3 months. 1inch plans to implement cross-chain swap features between Solana and 10 other networks in the near future.​

▶️Users can connect with 1inch on Solana via Phantom or Trust Wallet (through WalletConnect).​

▶️Currently, the 1INCH token is trading around 0.2 USD, up 17% in the past 7 days, but still down over 97% from its peak of 8.65 USD in October 2021.