1inch Expands to Solana, Aiming to Provide Quick and Cheap Transactions

Users can now swap Solana-based tokens on 1inch as the protocol brings its swap service to Solana, aiming to provide quick and cheap transactions for its users. The service will soon be available on the 1inch wallet.

1inch highlights Solana’s ecosystem growth and model as key reasons for choosing the blockchain. In Q4 2024, Solana apps generated $840 million, showcasing a 213% increase. This growth was largely driven by memecoins like Bonk and Slerf on platforms such as Pump Fun and Raydium.

By February 2025, Solana captured 57% of all blockchain revenue. Its DEXs saw $3.3 billion in daily trades, and stablecoin value reached $10 billion in January. Stablecoin volume amounted to $5.1 billion, while $8.6 billion was locked in DeFi apps.

The network processed $11 billion in a single day and 355 million transactions over a week. Upgrades like Firedancer validators and a 4% block size increase have improved performance. Staked Solana also rose by 33%, securing 11.2% of the total supply.

Over one million tokens on Solana are accessible for seamless, low-slippage swaps on 1inch. The platform provides protection from maximal extractable value (MEV) attacks and ensures users get the best possible rates by aggregating liquidity from all major Solana DEXs.

Moreover, 1inch has integrated its Fusion protocol with Solana. This protocol enables users to set their desired trade terms, which professional market makers can choose to fulfill. The trades follow a Dutch auction style, commencing with a high rate that decreases over time until acceptance.

This update also benefits developers. Several 1inch APIs, including Swap API, Balance API, and Token API, now support Solana, simplifying the development of apps and services that leverage this new integration.

1inch plans to let users seamlessly swap tokens across Solana and ten other blockchains using 1inch’s cross-chain tools. These upcoming features aim to connect Solana to the broader DeFi world.

1inch has been a prominent player in the crypto market since before 2020. In 2019, Sergej Kunz and Anton Bukov created 1inch during a hackathon to solve a crypto trading problem. Their tool, the first of its kind, became a decentralized exchange (DEX) aggregator.

A year later, 1inch secured millions in funding, launched the 1INCH token, and facilitated $50 billion in trades on Ethereum. It expanded to other blockchains like Binance Smart Chain and Polygon, introduced a mobile wallet, and added features like limit orders.

In 2022, 1inch unveiled Fusion mode to minimize fees and prevent bot attacks. It continued to expand, supporting more blockchains and reaching $500 billion in total volume by 2024. In October, 1inch partnered with the family of Bruce Lee to render Web3 and DeFi more accessible to mainstream audiences.

Used by over a million people, 1inch supports 12 blockchains, runs on open-source code, and lets users earn rewards through its 1INCH token.