1inch pioneers Solana cross-chain swaps, unlocking seamless interoperability

Why it matters Why it matters For the first time, users can swap assets directly between Solana and EVM networks, without using bridges. Key benefits are: - Bulletproof security : with no need for bridges or messaging protocols, this is the safest way to move assets onto and off Solana. - Seamless execution : allows users to sign and post their trade, letting resolvers compete to fulfill it under the best conditions. - The best rates : with unmatched liquidity and MEV protection...
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Why it matters

For the first time, users can swap assets directly between Solana and EVM networks, without using bridges. Key benefits are:

Bulletproof security: with no need for bridges or messaging protocols, this is the safest way to move assets onto and off Solana.
Seamless execution: allows users to sign and post their trade, letting resolvers compete to fulfill it under the best conditions.
The best rates: with unmatched liquidity and MEV protection by design.

Pioneering native decentralized cross-chain swaps

A few months ago, 1inch added support for Solana, leveraging its low-latency block times and robust ecosystem. Now, with full cross-chain capability, the fragmentation between Solana and EVM ecosystems is finally addressed.

"Solana's speed and efficiency made it an ideal candidate for our next frontier in cross-chain swaps," said Sergej Kunz, 1inch co-founder. "By removing the need for bridges and messaging protocols such as LayerZero or Chainlink CCIP, we're delivering a fundamentally safer and smoother cross-chain experience."

1inch's cross-chain Solana functionality also delivers a significant boost to the entire Solana ecosystem, ending Solana's isolation from other blockchains and transforming it into a full-fledged DeFi hub by bringing in new liquidity and users.

Solana tokens can now be traded directly against assets on EVM networks, opening the ecosystem to users who have never interacted with Solana before.

For users and builders alike

1inch pioneers Solana cross-chain swaps, unlocking seamless interoperability

Solana cross-chain swaps are now fully supported across all 1inch products:

This opens up new liquidity pathways and trading opportunities, allowing DeFi participants to operate across previously siloed ecosystems – with no extra steps.

What's next

Meanwhile, 1inch's mission to unify the DeFi space continues, with plans underway to add support for more non-EVM chains. The journey toward a more efficient and user-friendly DeFi experience moves forward!

About 1inch

1inch accelerates decentralized finance with a seamless crypto trading experience for 24Musers. Beyond being the top platform for low-cost, efficient token swaps with $500M in daily trades, 1inch offers a range of innovative tools, including a secure self-custodial wallet, a portfolio tracker for managing digital assets, a developer portal to build on its cutting-edge technology, and even a debit card for easy crypto spending. By continuously innovating, 1inch is simplifying DeFi for everyone.

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Photo - https://mma.prnewswire.com/media/2753434/Solana_cross_chains.jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/1inch-pioneers-solana-cross-chain-swaps-unlocking-seamless-interoperability-302533530.html

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