1inch Network, a decentralized exchange aggregator, has redefined cross-chain security by enabling
Solana-to-EVM cross-chain swaps without bridges.
Solana and
Ethereum users are now able to interact seamlessly without the need for intermediaries, enhancing DeFi's freedom. Notably,
1inch has also introduced a new Pathfinder algorithm that offers an impressive 6.5% better swap rates. Its expansion to Solana, integration with
ZKsync and
Sonic Network, and the launch of its wallet on Android affirm its commitment towards enhancing the DeFi ecosystem.
In an upgrade,
1inch promises smarter, faster and cheaper trades. It is also making strides in the DeFi arena by advocating for near-zero onboarding costs to assist the unbanked population.
Recently, the platform's token surged by an impressive 77% after the team bought back 38 million tokens. Despite a $5 million exploit in an outdated smart contract, the hacker returned the stolen funds after a successful negotiation, suggesting 1inch's strong security measures.
Interesting partnerships are shaping up.
1inch has unveiled a Web3 debit card in collaboration with
Mastercard and Baanx. It's also partnered with
Blockaid for combating DeFi fraud and cyber threats and
SafePal to boost DeFi security through a hardware wallet giveaway.
1inch's token is likely a worthwhile addition to an investor's portfolio. Market predictions indicate a promising future even despite some security challenges.
1INCH Coin News Analytics from Fri, 25 Dec 2020 08:00:00 GMT to Mon, 25 Aug 2025 19:15:03 GMT -
Rating 7
- Innovation 9
- Information 8
- Rumor 1
