- 1inch now supports Solana, enabling safe and efficient cross-chain swaps between EVM chains and Solana assets.
- The move strengthens 1inch’s position as a leading DEX aggregator despite the 1INCH token struggling to regain value.
Decentralized exchange aggregator 1inch has officially integrated Solana into its cross-chain swap ecosystem, opening new possibilities for users seeking faster, safer, and more efficient asset swaps.
1inch Unlocks Cross-Chain Swaps with Solana
At the end of April, 1inch extended support to Solana, enabling users to directly swap digital assets on EVM chains for Solana-based tokens using its Fusion+ feature. Known for aggregating the best swap rates across decentralized finance (DeFi), 1inch now broadens its liquidity sourcing to include Solana’s high-speed network.
Unlike traditional methods that often rely on third-party bridges or messaging protocols, this integration prioritizes user safety. By removing intermediaries such as LayerZero or Chainlink CCIP, 1inch reduces risks associated with cross-chain vulnerabilities, including MEV (miner extractable value) attacks.
Competing with Jupiter in the DEX Race
With this move, 1inch strengthens its position among top decentralized exchange aggregators. Data from DeFiLlama shows that 1inch is the second-largest DEX aggregator by volume, recording $13.9 billion in trading over 30 days. The only platform ahead is Solana-native Jupiter, which handled $26 billion over the same period.
Sergej Kunz, co-founder of 1inch, emphasized Solana’s speed and efficiency as key factors behind the expansion. “By removing the need for bridges and messaging protocols, we’re delivering a fundamentally safer and smoother cross-chain experience,” he noted.
1INCH Token Struggles Despite Ecosystem Growth
While the protocol continues to attract significant trading volume, the 1INCH token faces challenges in the market. Launched in December 2020 at $2.36, the token quickly soared to an all-time high of $7.45 in mid-2021. However, it has since seen a steep decline, now trading around $0.24—a 96% drop from its peak.
Despite these struggles, the new Solana integration could spark renewed interest in the project. By bridging EVM liquidity with Solana’s ecosystem, 1inch may position itself as a key player in the future of decentralized cross-chain trading.
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