The DeFi project 1inch Network has launched on the Ethereum layer-2 network Arbitrum, according to a press release.
The Arbitrum integration reduced fees and delivered faster transaction and withdrawal speeds. Anton Bukov, co-founder of 1inch Network, is confident that users will appreciate the benefits of the integration.
Uniswap, Balancer, the 1inch Limit Order Protocol, DODO, SushiSwap, Swapr and WETH are now available on Arbitrum.
The company behind Arbitrum, Offchain Labs, announced the launch of the mainnet on August 31, 2021, after a funding round of $120 million.
In September, the total value of assets locked in Arbitrum reached a record $2.2 billion.
In August, 1inch Network implemented a Layer-2 solution from Optimism.
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