The 1inch Network has announced the deployment of its 1inch Aggregation Protocol on Avalanche and the 1inch Limit Order Protocol on Gnosis Chain (formerly xDai Chain). This strategic expansion aims to enhance its footprint in the decentralized finance (DeFi) ecosystem by offering users more efficient and cost-effective transaction options.
Key Features of the Expansion
1. Avalanche Integration
- Cross-Chain Growth: Avalanche (AVAX) is a rapidly expanding network with a Total Value Locked (TVL) of $10.4 billion (per DeFi Llama).
Supported Protocols:
- 1inch Limit Order Protocol
- Aave, Pangolin, SushiSwap
- Trader Joe, Baguette, Canary Exchange
👉 Discover how Avalanche boosts DeFi efficiency
2. Gnosis Chain Deployment
- High TVL: Gnosis Chain (GNO) boasts a TVL of $21.5 billion.
Top Protocols:
- Curve v1 (largest DEX)
- Elk Finance, Honeyswap
- Levinswap, SushiSwap
Why This Expansion Matters
Sergej Kunz, 1inch Network Co-Founder, emphasized:
"Our goal is to provide users the best deals across blockchains. Adding Avalanche and Gnosis Chain ensures faster, cheaper transactions."
Benefits:
✔ Lower fees
✔ Faster settlements
✔ Access to leading DeFi protocols
FAQs
1. What is the 1inch Network?
A DeFi aggregation platform that optimizes crypto trades by scanning multiple DEXs for the best rates.
2. How does Avalanche benefit 1inch users?
Avalanche’s high-speed, low-cost transactions complement 1inch’s aggregation model.
3. What’s unique about Gnosis Chain?
Formerly xDai, it’s optimized for stablecoin transactions and EVM compatibility.
4. Are there risks with AVAX or GNO?
AVAX faced vulnerabilities in the Multichain hack; always verify contract addresses.
5. Which protocols are new on 1inch?
Pangolin, Trader Joe (Avalanche) and Honeyswap (Gnosis) are now accessible.
This expansion solidifies 1inch Network as a leader in multi-chain DeFi solutions, prioritizing user choice and efficiency.
👉 Explore 1inch’s latest integrations
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1inch Network, Avalanche, Gnosis Chain, DeFi, DEX, TVL, Sergej Kunz, Aggregation Protocol, Limit Order Protocol
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