1inch, a decentralized exchange aggregator, has announced the launch of a new cross-chain swap feature. This groundbreaking development allows users to seamlessly exchange tokens across different blockchains, including Ethereum, Binance Smart Chain, Polygon, and Avalanche.
The future of cross-chain swaps is here, and it’s called Fusion➕
Powered by intent-based atomic swaps, it’s a complete reinvention of how cross-chain should be 🔀
Gasless, secure, fully self-custodial, with a seamless UX ✨
Ready to experience perfection? Dive deeper 🧵⬇️ pic.twitter.com/IuD2b3T8Sd
— 1inch (@1inch) September 18, 2024
The new feature eliminates the need for users to manually bridge tokens between different chains, simplifying the trading process and reducing transaction costs. 1inch’s advanced routing algorithm ensures that users get the best possible prices for their swaps by aggregating liquidity from multiple decentralized exchanges on each chain.
Source: 1Inch
To use the cross-chain swap feature, users simply select the tokens they want to exchange and the desired destination chain. 1inch’s platform will then automatically route the transaction through the most efficient path, taking into account factors such as gas fees and exchange rates.
The launch of the cross-chain swap feature marks a significant milestone for 1inch Network, as it positions the platform as a leading player in the decentralized finance (DeFi) space. By providing a more convenient and cost-effective way to trade across different blockchains, 1inch aims to attract a wider range of users and drive further adoption of DeFi.
