The Decentralized Exchange (DEX) Aggregator 1inch has appointed an update for the price detection algorithm, which claims up to 6.5% better replacement rates.
In a June 10 announcement shared with Cointelegraph, 1inch claimed “Pathfinders” upgrading results at better replacement rates, while also making them faster and more seamless. The new algorithm combines specific substitution measures and enhances the use of concentrated liquidity, which promises better gas efficiency.
A 1inch representative said the team would expect that improvements of gas efficiency would reduce the barrier to entry for retail investors. “It can encourage more frequent use and build confidence on DeFI platforms, making the defi more accessible,” they said.
In the face of the user’s experience, 1inch said the decentralized application (DAPP) also shows its users also reflected visualizations, providing views on the token and transaction implementation. Sergej Kunz, 1inch co-founder, said the update “allows users and integrator to maximize the value of each trade” and cut gas costs.
Related: Uniswap becomes first dex that hits $ 3T at all time volume
1inch is the ongoing building
The announcement follows The launch of 1inch in Solana By the end of April. The team said the integration allows users to trade more than one million Solana-based tokens directly by 1inch.
At this time the 1inch team also revealed its intent to roll Crosschain operating. This will enable swaps between Solana and more than 10 other networks supported by the combined -with the joint. However, a representative noted that there is still no fixed launch date for this feature.
The Decentralized exchange of combined -with Appears to be in a lucky verse. In early May, the platform Successfully recovered most of the $ 5 million stolen In a recent exploitation after negotiating a bug -raging agreement with the attack.
Related: Specialized goal dexs poised for growth in 2025 – founder of curve
Getting into decentralized finances
1inch expects that by implementing a gradual improvement, it will win a large slice of decentralized finance (DEFI) pie. A cointelegraph representative said that “these features help 1inch outperform competitors in changing efficiency and gas savings.”
“While rivals are focused on single-venue’s liquidity, the 1inch side lies in dynamic integrations throughout the ecosystem, making it easier to adjust and attractive to users and integrator,” they added.
Magazine: They solved the problem with the Janky UX of Crypto – you haven’t noticed yet
