KEY TAKEAWAYS
- 1inch integrates Sonic, enhancing cross-chain trading and offering competitive swap rates on its platform.
- The integration allows seamless access to Sonic through the 1inch Wallet, with features like MEV protection for secure and swift trades.
- New DeFi users benefit from low fees, while existing users enjoy easy access to Sonic without additional setup.
- 1inch expands its protocol offerings with Sonic, including popular protocols like Uniswap V3 and Curve Stable NG.
1inch, a prominent decentralized finance (DeFi) aggregator, has announced the integration of Sonic into its platform. This development allows users to execute swaps with competitive rates on Sonic, while facilitating seamless cross-chain trading between Sonic and other supported Ethereum Virtual Machine (EVM) chains. The integration was announced here.
From today, Sonic will be natively available in the 1inch Wallet, enabling users to store, swap, and track their assets effortlessly. The integration also incorporates Sonic liquidity into Pathfinder, 1inch’s intelligent routing algorithm. This ensures that users benefit from optimal rates on every trade, whether through the 1inch interface or via APIs available on the Developer Portal.
1inch’s intent-based swaps are designed with Miner Extractable Value (MEV) protection, ensuring that trades are executed swiftly and securely. This feature is particularly beneficial for active traders seeking faster fills and tighter spreads, as well as builders who can access Sonic through the 1inch Developer Portal APIs. These APIs include functionalities such as Swap, Balance, Spot price, and History, providing precise routing for applications.
First-time DeFi users will find the integration advantageous due to the low fees, making it an ideal entry point into the DeFi space. For regular 1inch Wallet users, Sonic is readily accessible with no additional setup required, allowing for easy network switching.
The integration also brings a variety of protocols to 1inch on Sonic, including wS, Beets, Beets V3, WAGMI, stS, Shadow Exchange, Curve Stable NG, WOOFi V2, SwapX V2, Solidly V3, Uniswap V3, SpookySwap V2, SpookySwap V3, and Equalizer V2.
Why This Matters: Impact, Industry Trends & Expert Insights
The integration of Sonic into 1inch’s platform enhances cross-chain trading capabilities, providing users with competitive rates and seamless DeFi experiences.
Recent industry reports indicate significant advancements in DeFi cross-chain trading, emphasizing interoperability and user experience. This aligns with 1inch’s integration of Sonic, which facilitates seamless asset movement across multiple blockchain networks.
As per insights from StockTitan, Sonic’s institutional adoption and integration with major platforms like Coinbase enhance its scalability and legitimacy. This supports the integration’s potential to attract more users and enhance DeFi trading efficiency on 1inch.
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