The launch of 1 INCH on Solana represents a turning point for decentralized finance users. Thanks to this integration, the Decentralized Exchange Association Platform (DEX) authorizes operations on Solana, an emerging blockchain with high performance, opening new opportunities for the exchange of token and for the development of more effective challenge applications.
According to the official declaration published by 1Inch and reported by Cintelelegraph, the platform allows trading more than a million token -based tokens Directly via its DAPP, offering users protections against the risk of maximum extractable value (MEV), optimized costs and open source intelligent contracts. These elements considerably improve trade experience on the Solana network.
1INCH landed on Solana with its innovative merger protocol
At the heart of this innovation is the Fusion + ProtocolWho made his debut for the first time on Solana. Fusion allows users to define personalized exchange parameters. Subsequently, these Swaps are executed by various professional decision -makers, called “Resolvers”, who compete with each other via a Dutch auction system to achieve the best market conditions.
Thanks to the ultra-rapid block hours of the Solana network, the merger mechanism promises more fluid and faster exchanges compared to other competing blockchains. Users will therefore be able to benefit from a combination of Efficiency, safety and low cost.
One crucial aspect of launch is the extremely low cost of exchange costs. A 1inch spokesperson has confirmed that Solana transactions will be subject to Minimum costs, less than a penny. This makes the platform very competitive compared to other networks where operational costs are higher.
This reduction in costs will even open to smaller users, increasing accessibility and promoting greater decentralization of the ecosystem.
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Crosschain exchange: the next 1 inch border
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In addition to the launch on Solana, 1inch announced the development of a Crosschain exchange expected functionality in the coming months. This innovation will allow users to exchange tokens not only within Solana, but also between Solana and more than 10 other blockchains currently supported by 1 inch.
Although the official release date has not yet been set, the development takes place successfully and the functionality should be operational in the near future. Initially, the 10 block chains already integrated will be included, the final list which will be confirmed shortly before the launch.
This functionality represents an important step towards the creation of a Unified multi -hole challenge ecosystem And improve interoperability between different blockchain networks.
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Solana dominates the main DEFI indicators: an upward bull ecosystem
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The expansion of 1 inch on Solana comes at a time of great importance for this blockchain. Over the past three months, Solana has exceeded Ethereum and its layer 2 networks in several key indicators in the DEFI sector.
- Recorded a DEX trading volume greater than 33%amount to $ 539 billion.
- Managed 400% additional transactions Compared to its competitors.
- He reached 180% more active addresses Compared to Ethereum and other similar networks.
These figures confirm the exponential growth of Solana, which makes it one of the most dynamic and competitive blockchains in the decentralized financial landscape.
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Developer tools: 1INCH improves the developer portal on Solana
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The integration of developers is no less. 1inch included access to Six API via its developer portalOffering valuable tools to create new applications and services based on the joint Solana-1inch infrastructure.
These APIs facilitate the construction of more complex and innovative DAPPs, thus stimulating the growth of the ecosystem and encouraging the adoption of the network by developers around the world.
The interoperability roadmap: Fusion + and white paper on Crosschain
Before the launch on Solana, 1inch had already defined its cross -interoperability strategy. On September 11, 2024A white paper has been published describing an intention -based interoperability protocol, a technology that improves communication between different blockchaines while maintaining security and decentralization.
On September 18, 2024, 1inch also presented the Fusion + Project, which allows crossed exchanges while retaining self-care, which means a total control of its digital assets during inter-channel transactions.
These initiatives demonstrate the concrete engagement of 1 Inch to promote an ecosystem DEFI without barrier, where the property and management of assets are still in the hands of users.
Solana and Ethereum: competition and complementarity in the future defect
Although Ethereum maintains a dominant role due to the effects of the network and liquidity, Solana is now positioning itself as a serious competitor thanks to its high performance and its rapid adoption.
The entry of 1 inch on Solana highlights the growing importance of this blockchain in decentralized finance. Consequently, we will witness an increasingly rich and multilayer ecosystem, where the choice of network will depend on specific speed, cost and interoperability needs.
The 1 inch impact on Solana and future prospects
The arrival of 1 inch on Solana marks an important step for users of DEFI in search of efficiency, safety and low costs in the exchanges of cryptocurrency. The support for multiple and crosschain exchanges opens the way to a future where barriers between blockchains will be increasingly relevant.
In addition, thanks to developer tools and interoperability innovations, the DEFI ecosystem will be able to evolve towards greater inclusiveness and functionality.
Users are therefore invited to explore the new opportunities offered by this platform and to monitor future developments, which promise to transform more how Bull and Bear Exchange and manage digital assets.
With 1 inch increasing his presence on Solana, DEFI goes to a truly multi -hole model, more efficient and accessible to everyone. Those who operate in the sector should therefore consider these new solutions as an opportunity not to be missed.
