Hassan Maishera
On Wednesday, the 1inch Network announced via X that 1inch has officially become part of the Monad ecosystem. With Monad support, users can swap assets on the network directly through the 1inch dApp or 1inch Wallet.
Intent-based swaps let users specify the outcome they want while competing resolvers fill the order. For users, that means no gas fees and built-in MEV protection.
Monad already supports a broad range of assets, including:
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MON and wrapped MON (WMON)
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Stablecoins including USDC, USDT0, AUSD, USDe and GHO
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Major assets including WETH, WBTC, cbBTC and wstETH
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Monad ecosystem assets such as aprMON, sMON, gMON, APR and CHOG
Native USDC, available through Circle CCTP, also provides a familiar stablecoin route for capital moving into and around the ecosystem.
Users can swap an asset on another supported network directly for an asset on Monad in one cross-chain transaction. There is no need to interact with a traditional bridge, and the process remains self-custodial end to end.
That makes Monad accessible not only to traders already active there, but also to existing 1inch users looking to move liquidity onto the network.
1inch (1INCH) stands as a pivotal player in the decentralized finance (DeFi) landscape, offering a comprehensive suite of blockchain-based products and services. At its core, 1inch functions as a decentralized exchange (DEX) aggregator, pooling liquidity from numerous DEXs to ensure users access the most competitive rates. This aggregation is crucial for traders seeking optimal prices without the hassle of manual comparisons across multiple platforms.
Beyond its aggregation capabilities, 1inch extends its offerings with a robust wallet, facilitating secure and efficient transactions within the Web3 ecosystem. The platform also provides a developer portal, empowering developers to integrate and innovate within the DeFi space. A portfolio tracker is available, enabling users to manage and monitor their digital assets with ease.
1inch's commitment to enhancing user experience is evident in its features like gasless execution, which reduces transaction costs, and cross-chain swaps, allowing seamless asset transfers across different blockchains. The platform's low fees further enhance its appeal, making it a favored choice among seasoned crypto traders.
By focusing on user-friendly and secure operations, 1inch continues to attract those looking for efficiency and reliability in their DeFi interactions.
The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is down 3.7% in the last 24 hours and currently trades at $0.09008 per token.
