1inch Expands Its Footprint by Launching on Solana, Offering On-Chain Swaps to Users

1inch, the decentralized exchange aggregator, has announced its integration with Solana, introducing seamless on-chain swaps and API support for enhanced decentralized finance (DeFi) capabilities on the Solana blockchain.

As a DEX aggregator, 1inch specializes in helping users find the best trade prices for tokens. Its protocol, named Pathfinder, optimizes thousands of trades in real-time, enabling users to minimize fees and maximize exchange rates.

The integration with Solana expands 1inch's services to include seamless on-chain swaps, a capability that was previously limited to Ethereum. Solana users can now enjoy the same optimal trading experiences as Ethereum users.

Moreover, 1inch's API support is already available on Solana, allowing developers to easily integrate 1inch's functionality into their own dapps. This opens up possibilities for new and innovative DeFi applications on Solana.

1inch Network is a decentralized exchange aggregator that helps users discover the best trade prices for tokens. The protocol utilizes a unique algorithm that processes and optimizes thousands of trades in real-time, allowing users to save on fees and obtain the best possible exchange rates.

Pathfinder is the discovery and routing algorithm developed by the 1inch team. It is the algorithm the powers the backend to finding the most efficient route to swap a token. For example, if a user wants to sell ETH for WBTC, Pathfinder will explore all DEXes such as Uniswap, Curve, Balancer, DODO, Sushiswap, and more. The result is a recommended route that optimizes fees and liquidity in order to give users the best rate. Users no longer need to check each individual services in order to find the best price.

1inch has launched its native 1INCH token, which is used for voting within DAO governance and providing liquidity.