The launch of 1inch on Solana represents a turning point for users of decentralized finance

The launch of 1inch on Solana marks a turning point for users of decentralized finance (DeFi). Thanks to this integration, the decentralized exchange (DEX) aggregation platform will allow performing its operations also on Solana, an emerging blockchain known for its high performance and new opportunities for token exchange and DeFi applications.

According to the official statement by 1inch and reported by Cointelegraph, the platform will allow trading more than one million Solana-based tokens in the 1inch DApp. On Monday, December 10, 1inch announced the launch of its advanced aggregation protocol, Fusion+, on the Solana network.

Known for its efforts to optimize trading opportunities and provide traders with the best rates from various decentralized exchanges (DEXs), 1inch is introducing its Fusion+ technology, which is used to create the optimal trade routes for optimal maximum extractable value (MEV) protection, and its smart contracts to the Solana ecosystem.

At the beginning of November, 1inch completed a successful integration with the Solana network, enabling direct trading of over one million Solana-based tokens through the 1inch decentralized application (DApp). Users can now enjoy the benefits of minimal swap fees, less than a cent for transactions, and optimized gas fees.

The integration also brings 1inch’s signature features to Solana users, including advanced protection against maximum extractable value (MEV) and a unique aggregation protocol called Fusion+.

This protocol allows users to set preferred parameters for their swaps, which are then executed by professional market makers, termed “resolvers,” who compete with each other through a Dutch auction to offer the most favorable market conditions.

Thanks to the Solana network’s extremely low latency and rapid block times, the Fusion+ mechanism promises smoother and faster exchanges compared to other protocols on competing blockchains.

Crucially, users will benefit from this combination of efficiency and low costs despite the high level of security guaranteed by open-source smart contracts, a hallmark of 1inch’s technology. A spokesperson for 1inch confirmed that transactions on Solana will be subject to minimal fees, less than a cent, making the platform highly competitive.

This cost reduction will be a decisive factor in opening up DeFi even to smaller users, who will have no difficulty accessing the 1inch services and benefitting from the best rates on the Solana network.

In addition to the launch on Solana, 1inch is developing a cross-chain swap feature that is expected to be released in the coming months. This innovation will allow users to exchange tokens not only within Solana, but also between Solana and over 10 other blockchains currently supported by 1inch.

Although the official release date has yet to be set, development is progressing successfully and the feature is expected to be operational in the near future. Initially, the 10 already integrated blockchains will be included, and the final list will be confirmed shortly before the launch.

This feature will represent a significant step towards creating a unified multi-chain DeFi ecosystem and improving interoperability between different blockchain networks.

Solana has been rapidly expanding its presence in the decentralized finance (DeFi) sector, and its momentum has seen it outpace Ethereum and its layer-2 networks in several key indicators over the last three months.

In terms of total value locked (TVL), a standard measure of cryptocurrency liquidity in protocols, Solana now has more than $1 billion, compared to $764 million in Layer-2s and $464 million in Ethereum at the time of writing.

This comes as good news for smaller investors, with the minimum deposit on Solana protocols remaining at an average of $60, significantly lower than the $100 on Ethereum and the $150 on Layer-2s.

This affordability factor is crucial for promoting broader participation in DeFi and rendering these technologies accessible to a wider audience.

The integration for developers is no less. 1inch has included access to six APIs through its Developer Portal, thus offering valuable tools to create new applications and services based on the joint Solana-1inch infrastructure.

These APIs will 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 from all over the world.

Before the launch on Solana, 1inch had already defined its strategy for cross-chain interoperability. On September 11, 2024, a white paper was published outlining an intent-based interoperability protocol, a technology that enhances communication between different blockchains while maintaining security and decentralization.

This protocol, developed by 1inch, aims to create a seamless connection between various blockchains, enabling users to perform any cross-chain operation they desire, such as swaps, deposits, and transfers, with complete safety and decentralization.

The goal is to build a cross-chain ecosystem that is not limited by technical barriers and allows for the free flow of value and liquidity between different chains.

On September 18, 20