Decentralized trading platform “1inch” expands towards “Avalanche” and “Gnosis” blockchain


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The 1inch decentralized trading platform continues to expand towards new blockchain networks, with 1inch announcing the publication of its protocol on the Avalanche and Gnosis blockchain.

DeFi Expansion:

The “1inch” decentralized finance platform has described the new partnerships as a continuation of the conquest of the DeFi space.

The “1inch” platform explained that it is trying to offer transactions over low-cost, high-speed networks, saying:

The “1inch” protocol was deployed on the Avalanche blockchain, the latter of which was formerly known as the xDai chain.

These “1inch” partnerships help expand their reach to new customers on these networks.

Thanks to its collaboration with Avalanche, users can have 1inch protocols including:

1inch Limit Order Protocol v2, Aave v2, SushiSwap, Trader Joe’s, YetiSwap.

Likewise, the association with Gnosis will allow users to access many of the 1inch protocols, including:

1inch Limit Order Protocol v2, Curve v1, Honeyswap, Levinswap, SushiSwap, wxDai.

1inch co-founder Serge Koons stated:

The main goal of “1inch” is to provide users with the best deals across the blockchain space.

To achieve this, 1inch protocols are constantly expanding to include new networks, and expansion to Avalanche and Gnosis will provide 1inch users with more options for cheap and fast transactions.

The “1inch” second version that supports the “Limit Order Protocol v2” protocol was released in mid-December 2021, which promises to exchange certain currencies without the need for Ethereum gas.

The first version protocol issued in June 2021 saw nearly 60,000 deals worth $3 billion.

Read also:

Twitter rolls out a feature to change the profile picture for NFT photos…Details here

Gemini acquires crypto company Omniex…Details here

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