零散的流動性和飆升的用戶需求正在推動DEX創新者提供強大，直觀和安全的解決方案。

隨著跨鏈功能和監管審查的加劇，統一數字和傳統金融的競賽從未如此緊迫。

Fragmentation of liquidity and the surging demands of users are pressing DeFi innovators to come up with powerful, intuitive, and secure solutions. As cross-chain functionality and regulatory scrutiny intensify, the race to unify digital and traditional finance has never been more urgent.

流動性的分裂和用戶的飆升要求迫使Defi Innovators提出強大，直觀和安全的解決方案。隨著跨鏈功能和監管審查的加劇，統一數字和傳統金融的競賽從未如此緊急。

Sergej Kunz, Co-Founder of 1inch, shares his insights with BeInCrypto on the evolving DEX aggregator, user empowerment, and the company’s next leaps—including Solana and Bitcoin integration.

1英寸的聯合創始人Sergej Kunz與Beincrypto分享了他的見解，在不斷發展的DEX聚合器，用戶授權以及公司的下一個飛躍（包括Solana和Bitcoin集成）上。

Evolving DEX Aggregation and the Multi-Chain Future

不斷發展的DEX聚合和多鏈未來

“Liquidity is highly fragmented. It’s not just concentrated in DeFi or decentralized finance—it exists across various networks like Ethereum and Layer 2s such as Base, which is currently very popular.

“流動性是高度分散的。它不僅集中在Defi或分散的財務上 - 它存在於以太坊和第2層（例如基礎）等各種網絡中，目前非常受歡迎。

Liquidity also resides on other chains, such as Sui and Solana. If you zoom out beyond DeFi and look at the broader crypto landscape, there’s substantial liquidity in Bitcoin.

流動性也存在於其他連鎖店，例如Sui和Solana。如果您縮小了Defi之外的縮小並查看更廣闊的加密景觀，則比特幣有大量的流動性。

While some of this liquidity is on centralized exchanges, a large portion is simply being held—without generating any passive income. However, earning passively on Bitcoin is now very feasible through DeFi.

儘管這些流動性中的一些是在集中式交流上，但僅持有一大部分，而沒有產生任何被動收入。但是，通過DEFI，對比特幣的被動賺取非常可行。

Recognizing this, we shaped our strategy to expand outward, starting from within DeFi, moving into the broader crypto space, and eventually reaching into traditional finance.

認識到這一點，我們塑造了我們的策略，從內部從內部開始，進入更廣闊的加密貨幣空間，並最終達到傳統的金融。

Traditional finance encompasses a wide range of financial products that can be tokenized, and this is exactly the direction we’re heading in.

傳統的財務包括可以被標記化的廣泛金融產品，這正是我們要邁進的方向。

We’re integrating one chain after another. Today, we support cross-chain swaps across 13 chains, and we’re adding yet another.

我們正在整合一個鏈條。今天，我們支持跨13條鏈的跨鏈互換，我們還添加了另一個鏈。

The 1inch Approach

1英寸的方法

So we started out with just simple swaps among these different liquidity sources. Users had to create their own transactions and take on all the risks.

因此，我們從這些不同的流動性來源中的簡單掉期開始。用戶必須創建自己的交易並承擔所有風險。

You mentioned MEV – Maximal Extractable Value. This is when someone else can see your transaction, manipulate the liquidity pools, and extract value from it.

您提到了MEV - 最大可提取值。這是其他人可以看到您的交易，操縱流動性池並從中提取價值的時候。

We recognized that this became very well-known and widespread, and many people started exploiting it to extract value. If you look at my presentation from 2022, you’ll see that each year, a huge amount of money was lost by users through this attack vector.

我們認識到這變得非常著名和廣泛，許多人開始利用它來提取價值。如果您查看我2022年的演講，您會發現每年，用戶通過此攻擊向量損失了大量資金。

So we came up with the idea that introducing a new architecture could simplify the user experience and the swap process itself.

因此，我們提出了一個想法，即引入新體系結構可以簡化用戶體驗和交換過程本身。

Why not create a swap flow where users simply express intent, like placing an order, and the protocol that facilitates the order ensures the user gets the best execution? This led us to the idea of using Dutch auctions, a more technical description of this approach.

為什麼不創建一個交換流，用戶簡單地表達意圖，例如下訂單，以及促進訂單的協議確保用戶獲得最佳執行？這使我們提出了使用荷蘭拍賣的想法，這是對這種方法的更技術描述。

Under the hood, it’s relatively simple in terms of how it works. It’s more complex for professional actors—like market makers, arbitrageurs, and traders—who actually settle the user’s trades. But for the user, it’s just a simple intent.

在引擎蓋下，它的工作方式相對簡單。對於專業演員（例如做市商，套利者和交易者）來說，這更為複雜，他們實際上已經解決了用戶的交易。但是對於用戶來說，這只是一個簡單的意圖。

I tell the system: I want this—I want Ethereum for USDC at the best execution—and the protocol ensures that. This has significantly changed things. We’re now seeing other teams adopt a similar approach, like Uniswap with its introduction of UniswapX.

我告訴系統：我想要這個 - 我想要以最佳執行方式以usdc的以太坊 - 協議確保了這一點。這發生了很大的改變。現在，我們看到其他團隊採用了類似的方法，例如uniswap的引入UnisWapx。

They also mentioned us in the white paper—our intent-based fusion, which we call Fusion Swaps. It improves the user experience and enhances safety.

他們還在白皮書中提到了我們 - 我們的基於意圖的融合，我們稱之為融合掉期。它改善了用戶體驗並提高安全性。

We invest heavily in security audits. I believe the 1inch Foundation spent around $500,000 on security for the latest release of cross-chain swaps, which is a significant amount.

我們在安全審核上進行大量投資。我相信，1英寸基金會花費了約500,000美元的安全性，用於最新版本的跨鏈掉期，這是一筆不小的數量。

About 10 security firms were involved in auditing the code. We do all this to ensure it’s highly secure and works seamlessly for the user.”

約有10家安全公司參與了審核該代碼。我們做所有這一切以確保它非常安全，並為用戶無縫地工作。 ”

Bridging Crypto and Fiat: The 1inch Card and Real-World Payments

橋接加密和菲亞特：1英寸卡和現實世界的付款

“Like many things, it started as a personal need. For example, we introduced cross-chain swaps because of my own personal need. That’s the honest truth.

“像許多事情一樣，這開始是一種個人需求。例如，由於我自己的個人需要，我們引入了跨鏈交換。這是誠實的事實。

But I soon realized it wasn’t just my need—many others were also looking for a seamless experience. I had a plan to earn passive income by investing in tokenized real estate.

但是我很快意識到這不僅僅是我的需求 - 許多其他人也在尋找一種無縫的體驗。我有一個計劃通過投資令牌化房地產來賺取被動收入。

In Dubai, you can already find some companies offering this. I’m using a company from the US with 20 years in the market. They started tokenizing real estate about five years ago.

在迪拜，您已經可以找到一些提供此產品的公司。我在市場上使用了20年的美國公司。他們大約在五年前開始對房地產進行象徵化。

I receive passive income payouts every week in USDC, and I want to spend them. For example, I want to buy a coffee with it, but it’s not that easy. You often need to deposit the money into Coinbase, then cash it out in euros, US dollars, or dirhams.

我每週在USDC收到被動收入支出，我想花它們。例如，我想用它買咖啡，但這並不容易。您通常需要將錢存入共同基礎上，然後以歐元，美元或迪拉姆（Dirhams）的價格兌現。

So we thought—why not partner with someone who already offers crypto cards as a white-label solution?

因此，我們認為 - 為什麼不與已經提供加密卡作為白色標籤解決方案的人合作？

That way, we can collaborate with banks and cover regions like the European Union and the UK. I believe the US will follow soon, and we’re also looking for partners in the UAE and other areas.

這樣，我們可以與銀行合作，並涵蓋歐盟和英國等地區。我相信美國將很快跟隨，我們也在尋找阿聯酋和其他領域的合作夥伴。

At 1inch, we’re also actively researching AI. We’re currently developing a new aggregation product—something that might

在1英寸處，我們也在積極研究AI。我們目前正在開發一種新的聚合產品 - 可能