In April 2025, the 1inch Network launched decentralized exchange services on Solana’s blockchain, offering advanced swap features and integration with the Solana ecosystem.
This integration signifies 1inch’s strategic move to tap into Solana’s flourishing market and capture a growing user base, boosting DeFi capabilities with low transaction fees.
1inch Launches DeFi on High-Performance Solana
The launch by 1inch offers Solana users advanced swap functionalities. Solana, known for its high performance, enables seamless and low-cost transactions. This serves to increase 1inch’s reach in the DeFi space.
1inch Network’s initiative integrates with Solana’s blockchain, providing users access to Fusion protocol and MEV protection. This enhances the trading experience with over one million tokens available on the network.
“The integration of 1inch on Solana comes at a time of remarkable growth for the Solana blockchain, allowing users to swap over one million Solana-based tokens with extremely low transaction costs.” – 1inch Network, Official Announcement
Solana Users Enjoy Fees as Low as One Cent
Users benefit from extremely low transaction costs, with fees as low as one cent. This provides a competitive edge over networks like Ethereum, which are notorious for higher gas fees. The expansion could influence Solana’s future trading volumes.
Financial implications are notably favorable as Solana captures 57% of blockchain revenue. The integration enhances DeFi functionality, potentially increasing user adoption and boosting Solana’s presence as a prominent blockchain contender.
Solana Outpaces Rivals in DEX and Transaction Volumes
Solana’s ecosystem has expanded significantly, historically outpacing rivals like Ethereum in DEX volume and transaction volume. The growth has been supported by memecoins and technical upgrades like Firedancer validators.
Experts from Kanalcoin suggest that 1inch’s move will enhance cross-chain capabilities and further innovations for connected blockchains. This synergy can propel network efficiency and user experience, based on historical trends in DeFi growth.
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