1inch expands to Solana
1inch has added one of the fastest-growing chains — confirming its position as the go-to swap marketplace in the DeFi ecosystem.
1inch Swap is now available on Solana — a rapidly-growing blockchain in DEX trading volume and user adoption. 1inch dApp users can already enjoy Solana swaps, and they will soon be available in 1inch Wallet.
A chain full of potential
The Solana ecosystem has generated real traction recently, emerging as a leader in several key DeFi metrics. Solana has performed strongly in the last three months generating:
- $539 bln in DEX trading volume
- 5 bln transactions
- 228 mln active addresses.
Secure Solana token swaps at best rates
Now, more than 1 mln tokens issued on Solana are available on 1inch for secure, MEV-protected swaps at the best rates.
By efficiently aggregating all liquidity available on the market, 1inch minimizes slippage and ensures the best possible rates for swaps.
1inch has deployed its proprietary Fusion protocol on Solana, allowing users to place swap orders that can be executed by professional market makers, known as resolvers, using all available liquidity sources. The intent-based architecture lets users define their desired trade parameters, after which resolvers compete to fill the orders under Dutch auction mechanics, where the exchange rate starts high and gradually decreases until a resolver accepts the order.
A winning combination of Solana’s ultra-short block time and 1inch’s Dutch auction mechanics results in better swap execution for users, compared to what slower blockchains can offer.
That’s on top of all the benefits of 1inch’s smooth and seamless UX/UI.
And, as always, 1inch brings extra security to Solana swaps, with the most-audited smart contracts in DeFI and MEV protection embedded by design. Unlike other projects on Solana, 1inch’s smart contract code is open-source and available for everyone to verify. These are links to verified smart contracts for whitelisted resolvers and Fusion on Solana.
Solana swaps are already available in the 1inch dApp if you connect your Phantom wallet or Trust wallet (via WalletConnect). More wallets will be supported soon.
Support for 1inch APIs
Developers will also benefit as many APIs on the 1inch Developer Portal now integrate with Solana - specifically:
Cross-chain Solana swaps coming soon
The launch of Solana swaps is only the first step in 1inch’s move to unite major DeFi ecosystems. Soon, users will be able to make seamless, secure and self-custodial swaps between Solana and 10 other chains.
In the coming months, cross-chain swaps between Solana and other blockchains supported by 1inch will go live - ending Solana’s isolation and transforming it into a true hub of global DeFi activity.
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With the Solana integration, 1inch once again reinforces its role as the universal swap marketplace - bringing all DeFi ecosystems together in one place.
Stay tuned for more exciting news and updates from 1inch!
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