Decentralized exchange (DEX) aggregator 1inch has announced support for the Solana blockchain, opening up new opportunities for users and developers in the DeFi ecosystem.
What does this mean for users?
Users can now trade over a million tokens through the 1inch DApp on Solana. 1inch’s Fusion protocol ensures efficient and seamless trading, while minimal swap fees make trading even more profitable.
In addition, cross-chain swaps between Solana and over 10 other blockchains are planned. This will allow users to swap between different networks, supporting 10 blockchains (the final list will be confirmed closer to launch).
Solana’s Growth in DeFi
Solana has seen impressive growth in the DeFi space over the past three months, surpassing Ethereum and layer 2 networks in key metrics. DEX trading volume increased by 33%, transactions by 400%, and active addresses grew by 180%.
Developer Opportunities
1inch’s integration with Solana includes access to six APIs via the 1inch developer portal. This gives developers the ability to build new dApps and services on top of the 1inch-Solana infrastructure, pushing the boundaries of what’s possible in the world of decentralized finance.
History and Roadmap
In September 2024, 1inch published a white paper on its cross-chain protocol, and in December 2024, the DEX aggregator introduced “Fusion+,” which allows users to exchange digital assets.
The launch of Solana support is another step in 1inch’s journey to creating a more convenient and efficient environment for users and developers in the world of DeFi.
