The decentralized exchange (DEX) 1inch has announced a partnership with Sonic Network, a high-performance EVM Layer-1 blockchain, aimed at enhancing trading processes in the DeFi sector.
Overview of 1inch and Sonic Network Integration
1inch has integrated Sonic Network, which promises faster transactions and robust protection against Maximal Extractable Value (MEV) attacks. Sonic Labs claims that its infrastructure can process over 400,000 transactions per second, significantly speeding up asset swapping without the need for bridges.
Benefits of the Integration
According to the new collaboration, 1inch users will gain access to the best cross-chain swap rates. The combination of Sonic Network’s speeds and 1inch’s swapping mechanism provides seamless interaction across multiple protocols.
Opinions of 1inch and Sonic Labs Executives
Sergej Kunz, co-founder of 1inch, stated, 'This integration marks a significant step towards our vision of a cohesive and efficient DeFi landscape.' Sonic Labs CEO Michael Kong added, 'Together, we are pushing the boundaries of what’s possible in decentralized finance.'
The integration of 1inch and Sonic Network strengthens 1inch’s position as a leading decentralized exchange (DEX) aggregator, providing users with opportunities for faster and safer trading in DeFi.
