The DEX aggregator 1inch has expanded its services to include support for Solana. Users of the decentralized application can now conduct swaps by connecting Phantom or Trust Wallet via WalletConnect.
1 million+ tokens. $7 billion liquidity. The best swap rates.
Unleash @solana with 1inch.
Now live for on-chain swaps.
Start now ? https://t.co/wUGBanUDdz pic.twitter.com/xr2Qc3tQvh
— 1inch (@1inch) April 29, 2025
Support for additional wallets and the launch of the solution in 1inch Wallet are anticipated in the future.
1inch aggregates liquidity from across the market, minimizes slippage, and ensures the best exchange rates.
The Fusion protocol, launched on Solana, allows professional market participants, known as resolvers, to execute trades. The architecture of the solution enables users to set desired trade parameters, after which market makers compete to fulfill the order through a Dutch auction mechanism. The exchange rate starts at the highest and gradually decreases until one of the resolvers agrees to execute the order.
The project’s blog highlights the enhanced security of swaps on the Solana network. The 1inch smart contract code is open and available for public review.
Developers can integrate the solution with Solana support through the API.
Cross-chain swaps for the sixth-largest cryptocurrency by market capitalization are expected soon. This will allow users to exchange assets from Solana for tokens on 10 other blockchains.
“This will end Solana’s isolation and turn it into a true hub of global DeFi activity,” the blog emphasized.
Back in April, during the “Podcast Society” on ForkLog’s YouTube channel, 1inch Network co-founder Anton Bukov stated that artificial intelligence will transform not only decentralized finance but the entire internet within the next five to ten years.