• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Rewriting the May Digest of 1inch Network

user avatar

by Giorgi Kostiuk

a year ago


Updates, News, and Integrations

1inch Network gladly presents the May digest consisting of significant updates and news.

  • On the 19th of May, 1inch commemorated its fifth anniversary, marking a remarkable transformation from a hackathon endeavor to a prominent entity in the Web3 domain.

  • The launch of 1inch at the ETHGlobal hackathon in New York City initiated a journey that positioned it as a robust and pioneering project in the Web3 arena, reflecting resilience and impact reminiscent of Bruce Lee's legendary martial arts technique. Despite past achievements, the future promises more milestones.

  • In May, the unveiling of 1inch Fusion 2.0 introduced substantial cost savings for users engaging in crypto swaps.

  • Over the past 18 months, 1inch Fusion has empowered users to exchange tokens across diverse networks without incurring gas fees, facilitating liquidity access throughout the crypto landscape, and shielding against maximal extractable value (MEV). This groundbreaking technology delegates all swap executions to resolvers, accredited traders competing for swap execution rights to offer users the most competitive rates. Notably, in 1inch Fusion 2.0, order settlements are 10%-35% more economical than the previous iteration, with an approximate 10% higher efficiency compared to rival platforms.

  • Additionally, in May, the initial recipients received virtual 1inch Cards developed by Crypto Life, enabling them to leverage both traditional finance and decentralized finance (DeFi).

  • Notable integrations in May included collaborations with HOT Protocol, Aspis, and Shido.

Events

  • In a fireside chat on 'Tokenized Money: Is There A Developing Consensus?' at Dubai FinTech Summit on May 7, 1inch co-founder Anton Bukov participated.

  • During the Incrypted stream early in May, 1inch co-founders Sergej Kunz and Anton Bukov delved into discussions about 1inch 2.0, cross-network swaps, and potential futures trading opportunities.

Key Stats

Total: - $489.2B in volume - 93.4M swaps - 15.7M wallets

1inch Fusion: - $26.7B in volume - 3M swaps - 852.8K wallets

Ethereum: - $375B in volume - 18.5M swaps - 3.2M wallets

BNB Chain: - $45.6B in volume - 27.1M swaps - 5.5M wallets

Polygon: - $26.6B in volume - 23.6M swaps - 3M wallets

Optimism: - $6.4B in volume - 3M swaps - 699.1K wallets

Base: - $3.6B in volume - 3.9M swaps - 728.9K wallets

Avalanche: - $8B in volume - 2.9M swaps - 664.1K wallets

Fantom: - $1.5B in volume - 1.5M swaps - 162K wallets

Arbitrum: - $21.9B in volume - 9.4M swaps - 1.7M wallets

Gnosis: - $668.4M in volume - 2.4M swaps - 96.2K wallets

Stay tuned for exciting developments and announcements from 1inch!

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk

Bit Digital Makes $67.3 Million Ethereum Purchase, Strengthening Its Holdings

chest

Bit Digital invests $67.3 million in Ethereum, raising total holdings to nearly 120,306 coins.

user avatarGiorgi Kostiuk

Block Inc. Joins S&P 500, Replacing Hess Corp.

chest

Block Inc. will replace Hess Corp. in the S&P 500, potentially impacting Bitcoin's acceptance by institutional investors.

user avatarGiorgi Kostiuk

XRP Sets New Record Following Legislative Changes

chest

XRP hit $3.66, surpassing previous records due to increased investor interest and the expected signing of the GENIUS Act.

user avatarGiorgi Kostiuk

MEI Pharma and Litecoin: New $100 Million Treasury Strategy

chest

MEI Pharma has announced a $100 million treasury strategy with Litecoin, led by Litecoin creator Charlie Lee. Market reaction was volatile.

user avatarGiorgi Kostiuk

Merkel Urges for a Cohesive EU Response to US Tariffs

chest

Merkel calls for EU unity in response to US tariffs that may disrupt trade chains.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.