1inch exchange debuts on Solana with Fusion protocol amid DEX surge
- 1inch integrates Fusion protocol with Solana blockchain
- Solana leads DEX volume with $539 billion
- Cross-chain swaps and new APIs in development
1inch is expanding its presence on the Solana network, bringing its Fusion protocol to blockchain users for the first time. The move marks a strategic step for the platform amid the growing activity of decentralized exchanges (DEXs) on Solana, which have been gaining momentum in terms of transaction volume and active users in recent months.
The Fusion protocol gives users the ability to set the terms of their trades, while liquidity providers — called “resolvers” — compete to execute the order through a Dutch auction model. This mechanism aims to minimize slippage and provide more advantageous rates to users.
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The decision to integrate with Solana also takes into account the network’s low transaction costs, which will allow 1inch to offer swaps for around a penny. This represents an attractive alternative to Ethereum’s high gas fees, strengthening the platform’s accessibility proposition for a wider base of traders.
Data from Dune Analytics indicates that Solana has surpassed its competitors in monthly DEX trading volume, totaling more than $539 billion — a 33% increase over the second-place blockchain. The blockchain also has four times more transactions and more active addresses, according to the same metrics.
1inch’s move goes beyond a simple integration. The company is already planning to enable cross-chain swaps involving Solana, which will allow users to trade on more than 10 different networks while maintaining self-custody. There is no official launch date yet, but sources close to the project indicate that progress is accelerating.
Additionally, 1inch plans to launch six new APIs specifically for the Solana ecosystem. These tools will allow developers to build applications using 1inch’s infrastructure, expanding access to liquidity and trading services within the network.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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