1inch Solana News: Fast, cheap swaps and crosschain coming soon

1inch Solana News highlights Fusion swaps, low fees, and growth plans

Decentralized exchange aggregator 1inch has launched on the Solana blockchain, providing crypto users with a cheaper and quicker method to exchange tokens. This is all part of 1inch's larger vision to create a "multichain" DeFi system where users can trade across various blockchains without having to use separate tools.

1inch Users Can Now Trade Solana Tokens

With this launch, users can now trade over 1 million tokens based on this platform directly on the 1inch DApp. The platform promises better swap rates, fewer fees, and secure smart contracts. A new feature called Fusion is now live on it too. Fusion allows people to set their own trade conditions, which are then handled by pro market makers using an auction-style method. This setup, mixed with it's fast block times, makes trading smooth and quick.

A team member from DEX shared that users can expect trading fees of less than one cent when swapping on SOl. This makes it one of the cheapest options available for DeFi users right now.

Crosschain Swaps Are Coming Soon

1inch also plans to roll out crosschain swaps on the blockchain in the coming months. This will allow to trade between this platform and other major blockchains that it already supports. Though there is no exact launch date yet, development is ongoing, and the feature is expected to go live soon.

Once launched, the crosschain swap tool will support more than 10 blockchains, helping users move tokens between networks without leaving the DEX platform. This would be a major upgrade for people using DeFi looking for speed, low fees, and flexibility.

Why Solana?

It is getting popular in the crypto community for offering high speed and lower costs. In the last three months, it has beaten Ethereum and layer-2 networks in major DeFi stats. Solana had 33% more trading volume ($539 billion), handled 400% more transactions, and had 180% more active addresses compared to other networks as per Dune Analytics. 

Although Ethereum is still in top for aspects like ecosystem size and liquidity, the performance of the blockchain is also improving. It has a growing user base which makes it a potential competitor in the DeFi world. The entry of 1inch in this platform depicts that top platforms have begun to consider Solana a good platform. 

More Tools for Developers

1inch is providing access to six APIs to developers, with the new swap features. It will help developers to build new applications and services on the DEX and the blockchain Infrastructure. It could lead to more development and innovation in this dynamic. 

This launch on the platform comes after the previous updates of 1inch in the year 2024. In the update the management announced crosschain solution through a whitepaper and Fusion+ stating the vision for multichain trading in the long run. 

What’s Next 

With lower fees, faster speeds, and aspiring plans for crosschain support. 1inch's going to Solana is a good signal for both everyday crypto developers and operators. It gets the community one step closer to a more user-friendly DeFi world.