TL;DR
- 1inch launches on Solana, leveraging the network's low fees for fast, cost-efficient swaps.
- Integration includes the Fusion Protocol, where market makers compete in auctions to secure optimal rates for users.
- Six new developer APIs debut for Solana, with cross-chain swaps planned across 10+ blockchains.
1inch Officially Launches on Solana
The decentralized exchange aggregator 1inch has expanded to Solana, one of crypto’s fastest-growing ecosystems. Users can now execute low-cost, high-speed token swaps, capitalizing on Solana’s infrastructure for minimal fees and near-instant confirmations.
Fusion Protocol Goes Multi-Chain
This integration marks the debut of 1inch’s Fusion Protocol on Solana. The protocol lets users set custom trade conditions, while professional market makers (Resolvers) compete via Dutch auctions to fill orders. This model reduces price slippage and improves exchange rates.
👉 Discover how Fusion Protocol works
Why Solana?
Solana’s decentralized exchange (DEX) metrics are striking:
- $539B+ in DEX volume (33% higher than rival networks).
- 4x surge in transactions YTD.
- Record-high active addresses, cementing its status as a DeFi hub.
Cross-Chain Swaps on the Horizon
1inch plans to enable swaps across 10+ blockchains, including Solana, without requiring users to relinquish asset custody. While no launch date is confirmed, development is reportedly "progressing steadily."
New Tools for Solana Developers
Six new APIs tailored for Solana developers aim to:
- Simplify dApp creation.
- Enhance DeFi product integration.
- Automate liquidity strategies.
👉 Explore 1inch’s developer resources
FAQ
Q: How does 1inch benefit Solana users?
A: Lower fees, faster swaps, and access to Fusion’s auction-based liquidity.
Q: Is Solana secure for DeFi?
A: Yes, though users should audit smart contracts and use trusted platforms.
Q: When will cross-chain swaps launch?
A: No ETA yet, but 1inch prioritizes this feature.
1inch’s Solana debut underscores its ambition to dominate multi-chain DeFi—combining competitive rates, developer tools, and cross-chain flexibility.