The 1inch Router v4 is rolled out
Thanks to the improvements, users will be able to make swaps with the 1inch Router v4 5.4% cheaper on average than the same swaps made directly on DEXes, such as Uniswap.
The 1inch Network has rolled out version 4 of its router, which contains several major improvements.
In version 4, separate routers have been added for Uniswap v3, Clipper and the RFQ feature of the 1inch Limit Order Protocol.
As a result, if a user, for instance, makes a swap that involves only Uniswap v3, it will be cheaper than the same swap made directly on Uniswap or anywhere else, due to significantly lower gas costs!
The same applies to RFQ swaps via the 1inch Limit Order Protocol and Clipper.
For instance, a WETH/USDT swap using the RFQ feature of the 1inch Limit Order Protocol will be 23% cheaper than using another DEX aggregator, and an ETH/USDT swap almost 20% cheaper.
On average, RFQ swaps with the 1inch Router v4 via the 1inch Limit Order Protocol will be 20.8% cheaper than the same swaps via othe DEX aggregators. Overall, swaps with the 1inch Router v4 are on average 5.4% cheaper than the same swaps made directly on DEXes, such as Uniswap.
Another improvement, which will have a positive impact on user experience, is support for Dai-standard permits. Now, permits — which allow users to make swaps without a separate transaction approval — will be available for swaps involving Dai and a few other tokens.
Overall, the 1inch Router v4’s permits will support nine more tokens on Ethereum, another nine coins on Binance Smart Chain (BSC) and one token on Polygon.
The 1inch Network constantly improves and upgrades its products and solutions. Stay tuned for more updates!