1inch Boosts Speed and Savings with Arbitrum One Integration
1inch, a leading decentralized exchange (DEX) aggregator, has announced a significant integration with Arbitrum One. This move aims to enhance the platform's offerings, benefiting its users with faster and more economical transactions.
1inch, currently ranked 14th among important DEXs in DeFi by liquidity, is set to integrate with Arbitrum One. This integration will enable 1inch to provide lower transaction costs and faster transaction speeds, building on its previous integrations with layer-2 protocols Polygon and Optimism.
The native token of 1inch, 1INCH, has shown a 12% increase over the past 24 hours, trading at around $2.60 per unit. This positive trend may be attributed to the upcoming integration and the potential benefits it brings to users.
Users can expect significant advantages, including faster and more economical transactions and greater withdrawal options on Arbitrum One. Additionally, the integration will expand 1inch's ecosystem, offering support for popular stablecoins like USDC, USDT, DAI, and top tokens such as WBTC, AAVE, UNI, BAL, among others.
Arbitrum One, using Optimistic Rollup technology, groups and processes transactions off-chain, reducing gas costs and processing time. It already integrates several popular DeFi protocols, including Uniswap, Sushiswap, and Chainlink, further enhancing the potential of this integration.
The integration of 1inch with Arbitrum One promises to boost the platform's ecosystem and provide users with improved transaction speeds and lower costs. With Arbitrum One's existing integration with popular DeFi protocols, this move could significantly enhance the 1inch user experience, driving further growth and adoption.
Read also:
- Germany's Social Workers in High Demand Despite Salary Disparities
- Minimal Essential Synthetic Intelligences Enterprise: Essential Minimum Agents
- Tesla is reportedly staying away from the solid-state battery trend, as suggested by indications from CATL and Panasonic.
- UK automaker, Jaguar Land Rover, to commit £500 million for electric vehicle manufacturing in Merseyside
