1inch Network News

2022-04-14 18:05:27 Guess what could force a unicorn to willingly step through a mysterious portal without any idea of what lies on the other side?

A motivation to make DeFi swaps cheaper and faster than ever, of course.

This desire has always been irresistible for 1inch.

It’s time to cross the border and get back to another L1!

The 1inch Network is thrilled to share that its Aggregation Protocol and the Limit Order Protocol have successfully been deployed on Fantom.

Fantom is a high-performance, scalable, EVM-compatible Layer 1 blockchain protocol. Fantom's mainnet deployment, Fantom Opera, was built on its own consensus mechanism called Lachesis.

Lachesis facilitates high transaction speeds, low transaction costs and deterministic finality.

Meanwhile, all these advantages are achieved while the protocol remains permissionless, decentralized and open-source.

Thanks to using a leaderless Proof-of-Stake consensus to secure the network, Fantom offers significantly high levels of security.

According to DeFi Llama, Fantom's TVL stood at $6.6B in late March 2022.

A list of protocols immediately available via 1inch on Fantom: Solidly, SpookySwap, Geist Finance, SCREAM, Curve, Beethoven X (Beets), SpiritSwap, Synapse, SushiSwap, PaintSwap, Morpheus Swap, Elk Finance, ProtoFi, Saddle.

More info: https://blog.1inch.io/the-1inch-network-expands-to-fantom-e14bbe3b4988 Open / Comment

2022-04-14 16:01:52 So, why building in DeFi sucks?

1inch co-founder Sergej Kunz definitely knows the answer!

Check out a new video from ETH Dubai 2022:


Open / Comment

2022-04-13 12:30:28 Get started now with the @ONTOWallet x #1inch #trading campaign!

Prize pool: $4,000 $1INCH & $ONG
Task: Perform swaps in the #1inch #dApp via #ONTO
Apr 13, 9:00 - Apr 20, 9:00, UTC

Join the jamboree
medium.com/onto/onto-and-1inch-network-are-hosting-a-trading-campaign-with-4-000-up-for-grabs-d9b817145127 Open / Comment

2022-04-11 18:31:07 ETH burned weekly update

1inch still takes 10th place in the TOP-10 of the ETH Burn Leaderboard!

Ether burned over the last 7 days - $1.6M (484,3 in ETH)

Ether burned in total - $107M (29.6K in ETH) Open / Comment

2022-04-08 20:33:51 Milestones achieved:

- 9th place among BNB Chain projects by social engagement (according to BSC Army)

- 1inch has successfully reached $12B in total trading volume on the Polygon network

Key stats:

Ethereum: $154B in volume, 5.7M swaps, 1.2M users

BNBChain: $17.5B in volume, 4.6M swaps, 701K users

Polygon: $12.1B in volume, 5.5M swaps, 659K users

OΞ: $225M in volume, 14K swaps, 6.3K users Open / Comment

2022-04-08 20:33:39 1inch Weekly Recap #8!

Updates, News:

Unreported World published a documentary about the crypto market in Thailand featuring Sergey Maslennikov

Bankless kicked off their “Road to Permissionless” miniseries featuring Sergej Kunz

789,697 1INCH tokens have been paid out under the 1inch gas refund program for March

Anton Bukov is coming on Ethlizards board as their technical advisor to review smart contracts and security

Watch a video report on Binance Blockchain Week in Dubai hosted by Jason Friedman

Integrations:

deBridge released deSwap API (deSwap is an app built on the deBridge infrastructure with 1inch routing algorithms)

1INCH token is now available on Transak and Atomic Wallet

UQUID will officially cooperate with 1inch

Platypus and Hashflow on Avalanche are now available via 1inch Open / Comment

2022-04-08 19:42:54 Here comes a video report on Binance Blockchain Week in Dubai hosted by Jason Friedman ('A Chain of Blocks' channel)!

The event featured the brightest crypto minds, including 1inch team members. Open / Comment

2022-04-06 18:45:57 Welcome the March batch of gas refunds!

789,697 of 1INCH tokens have already been paid out under the 1inch gas refund program

Btw, we’ve almost reached a limit of $10M in 1INCH tokens.

Please, keep in mind that April is the last month when you will be able to receive gas refunds under the current program.

It doesn't mean that the gas refund program won't be resumed.

Stay tuned for upcoming news, we will provide more details very soon.

Quick reminder: to be eligible for monthly gas refunds, a 1inch user needs to stake 1INCH for the entire period between their first swap of the month and the day of gas refund distribution.

Link to the original post: https://blog.1inch.io/the-1inch-foundation-will-distribute-10-mln-1inch-to-the-defi-community-as-gas-cost-refunds-2dd35a6a084f Open / Comment

2022-04-04 16:08:40 ETH burned weekly update

1inch still takes 10th place in the TOP-10 of the ETH Burn Leaderboard!

Ether burned over the last 7 days - $2.1M (641,94 in ETH)

Ether burned in total - $105M (29K in ETH) Open / Comment

2022-04-01 18:50:39 1inch Weekly Recap #7!

Updates, News and Integrations:

The 1inch Wallet for Android is released: https://play.google.com/store/apps/details?id=io.oneinch.android

YOOMOOTA x 1inch NFT raffle has come to an end

1inch partners with Asgard

Simplex integrates 1inch

Events:

1inch Party: Dubai Edition

Sergej Kunz took part in the ‘Bringing Finance to the Masses with a DeFi Future’ discussion panel at Binance Blockchain Week

1inch Workshop on ETHDubai Conference

Milestones achieved:

- $150B in total trading volume & 1.2M users on the Ethereum network

- 3rd place among OΞ projects by 24H volume (according to Fiat is a Bubble)

- one of the biggest 1inch API integrators (Oasis.app) have passed $1B in Multiply Trade Volume

Key stats:

Ethereum: $151B in volume, 5.6M swaps, 1.2M users

BSC: $17.4B in volume, 4.6M swaps, 689K users

Polygon: $11.9B in volume, 5.3M swaps, 645K users

OΞ: $219M in volume, 13.2K swaps, 6K users Open / Comment