1inch Fusion 2.0: A Game-Changer in Crypto Trading

1inch recently unveiled 1inch Fusion 2.0, a transformative solution that revolutionizes the efficiency and speed of swap executions for users. This release marks a significant milestone in the realm of decentralized finance.

A Groundbreaking Swap Platform

Launched in December 2022, 1inch Fusion presents a novel approach to token swapping across different networks, eliminating gas fees. This innovative platform offers users access to a wide spectrum of liquidity within the crypto space, while ensuring protection against maximal extractable value (MEV). Fusion leverages resolvers, professional traders who engage in friendly competition to execute swaps, thereby providing users with the most competitive rates.

Since its inception, 1inch Fusion has onboarded nearly 20 resolvers, accumulating liquidity exceeding $25 billion from various cryptocurrency markets.

1inch Fusion operates on an intent-based model, where users outline their desired outcomes, and experienced market participants execute the swaps using optimal strategies. By expressing their intention to swap, users tap into a protocol that guarantees the best possible execution through resolvers.

The platform's partial fill feature enables the efficient execution of large swaps, with different resolvers filling various parts of the order at rates surpassing those of the current market. This intent-based approach ensures users do not incur gas fees even if their orders expire.

In a recent example, a user swapped 5,436 WETH for USDC with the assistance of 1inch Fusion. The user received 40,524 USDC more than the market rate within a minute, thanks to the Dutch auction model and partial fill functionality.

Compliance and Efficiency

1inch Fusion prioritizes compliance and market integrity by subjecting resolvers to a rigorous due diligence process, including KYC verification, adherence to sanctions and policies, and continuous monitoring for anti-money laundering (AML) compliance.

Enhanced Efficiency in Swaps

The latest iteration of 1inch Fusion, Fusion 2.0, introduces significant enhancements to decentralized swap settlements, offering increased efficiency compared to its predecessor. The removal of the settlement contract layer and the introduction of a lightweight settlement extension allow users to interact directly with resolvers, resulting in more competitive token swap prices.

According to internal tests at 1inch, order settlement in Fusion 2.0 is 10%-35% cheaper than in the previous version, depending on the token and amount. In comparison to competitor platforms, Fusion 2.0 delivers approximately 10% greater efficiency, enabling resolvers to offer users more favorable swap rates.

Additionally, the improved efficiency benefits users engaging in smaller swap transactions.

Faster Execution and Reduced Order Expiration

The latest enhancements in Fusion 2.0 not only optimize swap prices but also expedite transactions and diminish the likelihood of order expiration. The adjustment of the price curve based on market gas prices ensures a seamless transaction experience for users, resulting in faster order execution speed and lower order expiration rates.

1inch's unique tech development, the adjusted price curve, dynamically responds to changes in market conditions, facilitating swift order executions.

Leveraging 1inch Tech for Seamless Swapping

The upgraded Fusion SDK streamlines the integration of 1inch Fusion, offering users a seamless experience in executing swaps. The Fusion 2.0 platform is already accessible on the 1inch dApp, empowering users to enjoy efficient and hassle-free swaps. Those interested in utilizing 1inch Fusion in their projects can access the Fusion API via the 1inch Developer Portal.

Experience the efficiency of 1inch Fusion today and unlock a new realm of possibilities in crypto trading!

Note: The market rate refers to the rate at which a user would swap the entire amount at once at the current market price, making large swaps at the market rate susceptible to price impact.