1inch Expands to Solana: Cross-Chain Swaps Coming Soon

Decentralized exchange (DEX) aggregator 1inch has officially launched on Solana, marking a pivotal moment in its mission to create a unified multichain decentralized finance (DeFi) ecosystem. This integration allows users to trade over 1 million Solana-based tokens directly through the 1inch DApp, leveraging features like maximal extractable value (MEV)-protected swaps, optimized rates, and open-source smart contract infrastructure.

Why Solana? The Speed and Cost Advantage

Solana’s ultra-fast block times and low transaction costs make it an ideal platform for 1inch’s Fusion protocol, which is now available on the network for the first time. Fusion allows users to define their ideal swap parameters, which are then executed by competing professional market makers, or “resolvers,” using Dutch auction mechanics.

• Minimal Fees: Users can expect transaction costs of less than one cent.
• Efficient Execution: Solana’s high throughput ensures seamless trading.
• Enhanced Liquidity: Access to over 1 million Solana-based tokens.

Cross-Chain Swaps: The Next Big Step

1inch has revealed plans to introduce cross-chain swaps between Solana and more than 10 other blockchains in the coming months. While no fixed launch date has been set, development is progressing well, and the feature is expected to go live soon.

What to Expect from Cross-Chain Swaps

The initial rollout will support the 10 blockchains already integrated into 1inch’s cross-chain swap ecosystem. The final list will be confirmed closer to the launch date. This feature is part of 1inch’s broader vision to solve cross-chain interoperability issues, as outlined in its white paper published in September 2024.

Solana’s Rising Dominance in DeFi

1inch’s expansion into Solana comes at a time when the blockchain is outperforming Ethereum and layer-2 networks in key DeFi metrics:

• 33% Higher DEX Trading Volume: $539 billion over the past three months.
• 400% More Transactions: Solana’s scalability handles significantly more activity.
• 180% More Active Addresses: Growing user adoption.

“Both Solana and Ethereum play critical roles in the evolving DeFi landscape,” a 1inch representative noted. While Ethereum’s network effects and liquidity depth remain dominant, Solana’s performance improvements and growing adoption make it a serious contender.

Developer Opportunities

The integration also includes access to six APIs through the 1inch Developer Portal, empowering builders to create new DApps and services on top of the 1inch-Solana infrastructure. This move is expected to foster innovation and expand the ecosystem further.

Conclusion

1inch’s launch on Solana and the upcoming cross-chain swaps represent a significant leap toward a truly interconnected DeFi ecosystem. With Solana’s speed and low costs combined with 1inch’s advanced trading features, users and developers alike stand to benefit. Keep an eye on this space as 1inch continues to bridge the gap between blockchains.

Ready to explore 1inch on Solana? Visit the 1inch DApp to start trading today.