Insight into Web3 RPC API by 1inch Labs

1inch Labs, a leading decentralized exchange (DEX) aggregator, has revealed the new 1inch Developer Portal, a significant resource for Web3 developers. It is set to become accessible via 1inch’s dedicated Web3 team website.

The launch of this developer portal was announced at EthCC 7 in Brussels, featuring the pivotal role of the Web3 RPC API in enabling developers to manage their nodes effectively without external dependencies.

Decoding RPC and API

RPC, or Remote Procedure Calls, and APIs, Application Programming Interfaces, serve as vital bridges for external applications to interact closely with Ethereum and diverse blockchain networks.

Strategic Partnerships

Notable partners and stakeholders of the 1inch protocol include renowned names like Polygon, Metamask, BNB Chain, Crypto.com, Trust Wallet, Chainlink, Coinbase, and Binance Lab.

Empowering Developers with Web3 RPC API

Prior to the advent of this tool, projects utilizing 1inch APIs had to seek external RPC services. With the integration of the Web3 RPC API, developers can seamlessly transact within the 1inch protocol, streamlining their workflows.

1inch asserts that every action performed by a wallet, dApp, or Web3 project involves blockchain interaction, encompassing smart contract executions, fund transfers, and data retrieval.

Streamlining Blockchain Connectivity

The Web3 RPC API simplifies developers' interaction with Web3 RPCs, enhancing connectivity tools for smoother operations.

1inch affirms, “Leveraging our profound expertise in node operations and continuous node provisioning for 1inch tasks, we proudly present our Web3 RPC website for developers, ensuring safety and functionality.”

Advantages of Web3 RPC API

A key feature of the Web3 RPC API is its emphasis on providing maximum uptime. 1inch Labs has devised a sophisticated internal system with advanced node monitoring and load balancing mechanisms to ensure uninterrupted services even under high network loads. The API supports up to 10 EVM networks.

1inch Labs emphasizes that the Web3 RPC API is versatile and can be seamlessly integrated into various Web3 projects associated with EVM networks, including dApps, decentralized exchanges, and trading bots.

Stay tuned for upcoming releases as 1inch Labs continues to innovate, making blockchain access more accessible for developers globally.