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1 inch network Announce On Wednesday, it plans to deploy a 1-inch aggregation protocol on Avalanche and a 1-inch limit order protocol on the Gnosis chain (formerly known as the xDai chain). In a statement shared with Cointelegraph, 1inch Network said it aims to further expand its capabilities in the decentralized finance or DeFi industry.
1/ In life, we often have to choose between two options, both of which seem important to us.
But what if we could choose both options? Sounds great, doesn’t it?
Well, nothing is impossible #1 foot…#DeFi #avalanche #gnosis pic.twitter.com/bwN9bBL5Br
— 1inch Network (@1inch) January 20, 2022
“1inch’s main goal is to provide users with the best prices in the blockchain space,” Say 1inch Network co-founder Sergej Kunz added that the expansion to Avalanche and Gnosis Chain “will give 1inch users more options for cheap and fast transactions.”
avalanche(AVAX) is a rapidly developing cross-chain network whose TVL, according to For DeFi Llama, it was worth $10.4 billion at launch.However, AVAX tokens have been subject to Vulnerability as part of a multi-chain hack this week.
According to the statement, a number of protocols will be immediately available on Avalanche through 1inch, including 1inch Limit Order Protocol, Aave, Baguette, Canary Exchange, Pangolin, SushiSwap and Trader Joe.
related: 1inch Network closes $175 million Series B round led by Amber Group
Gnosis Chain (GNO) has a TVL of $21.5 billion at launch, according to For DeFi Llama. The largest DEX on the Gnosis chain is Curve v1, and other protocols immediately available on Gnosis include the 1inch Limit Order Protocol, Elk Finance, Honeyswap, Levinswap, and SushiSwap.
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