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1inch Lands on Solana as DEX Activity Soars
By: cryptosheadlines|2025/05/02 22:45:01
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Decentralized exchange aggregator 1inch has officially launched on Solana. This launch paves the way for low-cost, high-speed token swaps across one of the fastest-growing blockchains in cryptocurrency.The move would introduce 1inch’s popular Fusion protocol to Solana users for the first time. The Fusion Protocol is a feature that lets users set the terms of their trade while professional market makers known as “resolvers” compete to fulfill the order through a Dutch auction process. The core idea is to cut down on slippage and deliver the best rates possible.We won’t mention the assets you’re thinking about.We just made it easier to swap them.— 1inch (@1inch) May 1, 2025In addition, 1inch will leverage Solana’s cheap transaction cost to provide one of the cheapest swap fees, as low as one cent. This would be a major upgrade for users seeking to escape Ethereum’s gas fees.1inch’s integration goes beyond an expansion move. Instead, it serves as a key strategy. Solana has been one of the best-performing networks in recent months. It has eclipsed Ethereum and many layer-1s in DEX volume, user activity, and transaction volume.Data from Dune Analytics shows that Solana recorded over $539 billion in DEX trading volume, 33% more than its closest rivals. It also had 400% more transactions and 180 more active addresses than its closest rivals. Interestingly, Solana is also making waves in the DePIN market, making it a smart choice.Cross-Chain Swaps Coming SoonLooking ahead, 1inch plans to roll out cross-chain swaps involving Solana. It would allow users to trade assets across more than 10 supported networks without giving up self-custody. As of this writing, there’s no public confirmation of a date. However, sources claim developments are going on rapidly.Now you can swap @solana tokens on 1inch. But that’s not the end of the story.Coming next: the first truly native cross-chain swaps for Solana tokens.With the security, seamless experience and unbeatable rates you expect from 1inch.1inch + Solana. It’s the start of... pic.twitter.com/UilD7eyE9X— 1inch (@1inch) April 30, 2025If successful, the move would align with 1inch’s multi-chain goals. The platform also plans to support developers with the release of six new APIs for the Solana ecosystem. These tools will enable developers to build apps powered by the 1inch infrastructure.DisclaimerThe information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.The post 1inch Lands on Solana as DEX Activity Soars appeared first on Altcoin Buzz.Source link
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