1inch co-founder Sergej Kunz told Cointelegraph that in two to three years, there may be a multichain DeFi stack that allows liquidity to flow freely between networks.
Decentralized finance (DeFi) exchange platform 1inch launched crosschain swaps between the Solana network and Ethereum Virtual Machine (EVM) networks, eliminating the need for bridges or messaging protocols in transferring assets across networks.
The upgrade went live on Tuesday, launching on 1inch’s decentralized application (DApp), wallet and Fusion+ API, according to an announcement sent to Cointelegraph. The DeFi platform said the new feature allows users to swap assets directly between Solana and over 12 EVM chains in a secure, efficient and MEV-protected manner.
The new feature can be described as “industry-first native decentralized crosschain swaps,” according to 1inch. Its co-founder, Sergej Kunz, told Cointelegraph that the breakthrough came from adapting 1inch’s Fusion+ architecture, initially designed for EVM-only swaps, into Solana’s environment.
