Decentralized Finance (Defi) Exchange Platform 1inch launched Croschain -Waps between the Solana Network and Ethereum Virtual Machine (EVM) networks, which eliminates the need for bridges or messaging protocols when transferring assets about networks.
The upgrade went live on Tuesday and launched on 1inch’s Decentralized Application (Dapp), Wallet and Fusion+ API, according to an announcement sent to Cointelegraph. The Defi platform said that the new function allows users to exchange assets directly between Solana and more than 12 EVM chains in a safe, efficient and MEV protection way.
The new function can be described as “industry-first indigenous decentralized crosswaps,” according to 1 inch. The co-founder, Sergej Kunz, told Cointelegraph that the breakthrough came from adjusting 1inch’s Fusion+ Architecture, initially designed for EVM swaps only, in the Solana area.
By combining the Dutch auction model of 1inch with cryptographically linked, chain-specific Escrow contracts and programs, the system resolvers enables to reliably fulfill cross orders.
A step towards a uniform Defi experience
Kunz also told Cointelegraph that the upgrade is an important step in the direction of the vision of 1 inch on a uniform Defi experience. He said that Defi is currently fragmented in isolated liquidity pools, where each is connected to the native tooling and user experience of a chain.
“By making safe, direct swaps between Solana and EVM possible, we delete one of the greatest boundaries in space,” said Kunz. “It is about making chain choice that are not relevant to the end user. They simply want the best rate and security, regardless of where the liquidity is.”
Kunz added that the Fusion+ Croschain -Waps let the liquidity remain in their indigenous ecosystem and yet immediately immediately be interchangeable over chains.
This means that Solana and EVM -Liquidity can serve each other without centralized custody or extra token layers. Kunz said that this creates more efficient markets in both ecosystems.
The company unveiled its Solana to EVM Swaps function after his recent launch in the Solana network. On April 29, 1inch announced that it had integrated with Solana, so that users can trade in Solana -based tokens directly in his DAPP.
1 Inch revealed its Fusion+ function in 2024, where onchain and Offchain -Liquidity were combined to deliver swaps. The company said this enables users to have protection at maximum extractable value (MEV) attacks.
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1-inch co-founder predicts chain-agent Defi in two to three years
Looking ahead, Kunz provides a Defi space where underlying block chains would not become relevant to users.
He said that a real interoperable ecosystem is one in which users click on a DAPP and the liquidity on liquidity, carries out transactions and arranges where it is most logical, which eliminates the need to think about chains, end points and portfolies.
“Within two to three years I think we will see a Multichain-Defi stack where protocols are chain agent, liquidity flows freely and moving assets between chains become an anachronism,” Kunz Cointelegraph said.
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