2 years ago
Decentralized Exchange (DEX) aggregator 1inch said successful a property merchandise Thursday it is expanding to the Fantom Network.
The integration volition let traders to root champion execution crossed Curve, Saddle, SushiSwap and different trading venues successful Fantom’s cheap, Ethereum-compatible ecosystem. 1inch Network co-founder Sergej Kunz said successful a property connection this means much businesslike transactions and higher liquidity for users of 1inch’s aggregation and bounds bid protocol.
Already unrecorded connected Ethereum, Avalanche, Optimism and different fashionable chains, 1inch has processed $177 cardinal successful trading measurement crossed 2.4 cardinal wallets, according to its website. Its determination to Fantom was sparked by the surging enactment connected the network.
Fantom “has received important traction among users and aggravated volumes,” 1inch typical Pavel Kruglov told CoinDesk via Telegram.
Per DeFi Llama data, Fantom’s $5.9 cardinal successful total-value locked, a metric of on-chain activity, makes it the sixth-largest DeFi hub. 1inch is the fourth-largest DEX aggregator, according to data from DeBank.
1inch expanded onto furniture 2 protocol Polygon past May. Kruglov said 1inch plans to enactment much networks. He refused to disclose names and timelines.
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