1inch Network expands to Polygon to increase the source of liquidity

[ad_1]

The leading decentralized exchange aggregator 1inch Network has officially expanded to Polygon. This move has brought more liquidity sources to Curve, SushiSwap, QuickSwap, Aave V2 and Cometh.

1inch announced on Thursday that it will immediately increase the exchange’s liquidity pool. As time goes by, more agreements will be gradually put into use. 1inch described polygons as “important” infrastructure agreements to ensure Effective Ethereum scaling As the developer network transitions to proof of stake or PoS.

Sergej Kunz, co-founder of 1inch Network, said that after 1inch integrated the Binance smart chain, users’ requirements for Polygon exchanges are “very large”:

“After expanding the 1inch network to Binance Smart Chain, the community put forward a lot of requests to enable Polygon to exchange through 1inch. At present, the 1inch aggregation protocol has been deployed on Polygon, and the 1inch liquidity protocol and the 1inch governance protocol are expected Expand to Polygon in the coming weeks.”

According to the market value, according to CoinGecko’s data, Polygon is the 28th largest cryptocurrency protocol with a total network value of US$6.9 billion.

Kunz credits Binance Smart Chain integration to him With the successful expansion of the agreement. 1-inch users can now easily switch between Binance Smart Chain and Ethereum in search of higher speed and lower transaction fees.

1inch has quickly become a leading decentralized exchange aggregator, with Only recently integrated with Mdex. The 1inch Wallet launched earlier this month further consolidated its position as the leading entry point for DeFi.