- 1inch adds Solana support, co-founder Sergej Kunz highlights launch.
- 1INCH sees 1.24% gain post-announcement.
- Solana exceeded Ethereum in recent DEX volume metrics.
1inch has integrated Solana support, with plans to enable cross-chain swaps across 10 blockchains soon, as announced at the TOKEN2049 Dubai event.
Solana Expansion at TOKEN2049 Dubai
1inch launched support for Solana at TOKEN2049 Dubai, enabling Solana’s native token and over 1 million others for MEV-protected swaps. This expansion aims for cross-chain swaps to include 13+ chains soon.
Sergej Kunz, Co-founder of 1inch, emphasized the integration’s significance, reflecting on their similar launches’ timelines. As Kunz noted, “1inch and Solana both were launched within months of each other.” The partnership was revealed via 1inch’s official blog, Twitter, and developer portals, strengthening their technological collaborations.
The announcement led to a 1.24% increase in 1INCH’s price, which suggests a positive response despite initial subdued trading activity. Solana’s trading metrics have recently surpassed Ethereum’s, solidifying its role in DeFi markets.
Impact on DEX Markets
These shifts in trading volume indicate Solana’s growing influence in DEX ecosystems. This move positions 1inch strategically alongside other successful cross-chain implementations by aggregators like THORChain.
The integration could attract further liquidity and developer interest, especially with Solana’s high transaction throughput and lower fees. As the integration unfolds, the market awaits additional user engagement and technological optimizations.
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