The 1inch Network announced via a Medium post on Monday that it has released Fusion, a major upgrade centered around the 1inch Swap Engine — a unique combination of existing and new tech aiming to improve the profitability and security of swaps via 1inch.
The 1inch team added that its Swap Engine facilitates Fusion mode, which empowers DeFi users to place orders with a specified price and time range, paying no network fees. Meanwhile, the upgrade also contains major improvements to security, as well as updated staking contracts and tokenomics.
The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is up by 1% in the last 24 hours and is currently trading at $0.400 per token.