The 1inch Network is integrated into Dharma
All swaps on the popular Ethereum wallet are now powered by 1inch.
Now, users’ trades on Dharma will be executed via 1inch, including buying tokens from a bank account, selling tokens to a bank account or trading between crypto assets.
Dharma operates on Ethereum Mainnet and Polygon, while more L2 options are expected to come soon.
“With support on Ethereum and many L2 networks, as well as broad support for dozens of DEXes, performing trade execution on 1inch increases the number of tokens we support by several thousand and ensures that our users get the best possible price for their trades,” says Brendan Forster, co-founder of Dharma.
“Moreover, moving trade execution to 1inch gives Dharma users better pricing than major exchanges (e.g. Coinbase) for all of the major tokens: BTC, ETH, MATIC, etc.,” he adds.
“Dharma is a popular crypto wallet, and we are happy to offer its users the opportunity to get the best crypto deals via 1inch,” comments Sergej Kunz, 1inch Network co-founder. “This is another step towards wider adoption of DeFi.”
To get a more detailed explanation of why DEX aggregators are outdoing DEXes, check out this post.
And stay tuned for more exciting news about 1inch integrations and collaborations!