The decentralized exchange aggregator 1inch has introduced an innovative solution for the DeFi market — direct cross-chain swaps between Solana and the Ethereum Virtual Machine (EVM) ecosystem. Users can now instantly convert Solana tokens directly into Ethereum, BNB Chain, Polygon, and other popular networks without the use of bridges or centralized messaging exchange protocols.
This is reported by Finway
Secure Cross-Chain Operations for Users and Developers
The new solution is already integrated into all 1inch products, including the decentralized application (dApp), mobile wallet, and Fusion API. This functionality allows users and developers to conduct transactions without intermediaries, as well as connect cross-chain swaps to their own DeFi projects. Transactions are signed directly by asset owners, and execution is ensured by a network of competing resolvers vying for the best exchange rate.
Thanks to built-in protection against MEV (Maximal Extractable Value), the risks of transaction manipulation have been minimized. This makes the exchange process more transparent, fair, and efficient for all market participants.
Solana Becomes a Node in the Global DeFi Infrastructure
The integration of cross-chain swaps became possible shortly after the addition of Solana support in the 1inch ecosystem. The company’s team emphasizes that the speed and efficiency of Solana have made it an optimal choice for the development of cross-chain technologies. Full integration with EVM networks addresses the fragmentation issue between Solana and other blockchains, allowing for the attraction of new users and liquidity.
“The speed and efficiency of Solana have made it the ideal candidate for our next frontier in cross-chain swaps. By eliminating the need for bridges and messaging exchange protocols like LayerZero or Chainlink CCIP, we provide a fundamentally safer and smoother cross-chain experience,” said 1inch co-founder Sergey Kunts.
According to the developers, direct cross-chain swaps not only simplify access to DeFi for a wide range of users but also open new opportunities for developers through the Fusion API. It is now possible to integrate secure and decentralized exchanges between Solana and EVM networks into any applications without resorting to third-party services or protocols.
In the future, 1inch plans to expand support to other blockchains outside the EVM ecosystem, which will enable the creation of a unified next-generation DeFi interface and further enhance interaction between different networks.