2023-04-20 17:04:12
The 1inch mascot is entering a new era of DeFi adventures!
If you see a shiny bright portal animation on your screen with a cyber-unicorn standing next to it, you must know what it means, right?zkSync, welcome to the club! We’re happy to share that the 1inch Aggregation Protocol and the 1inch Limit Order Protocol have been deployed on zkSync Era, a Layer 2 solution for scaling Ethereum.
Launched in late March 2023, zkSync Era is one of this year’s most highly-anticipated L2 solutions. It is powered by the ZK-rollups tech and aims, on top of increasing Ethereum's throughput, to fully preserve values like freedom, self-sovereignty and decentralization.
zkSync Era’s ultimate goal is hyper scalability – an ability to process an unlimited number of transactions without any major impact on security or costs.
ZK-rollups increase throughput on Ethereum Mainnet by moving computation and state storage offchain.
As a result, ZK-rollups can process thousands of transactions in a batch and subsequently post only some minimal summary data to Mainnet.
While zkSync Era was still in development stages, more than 200 projects, including Chainlink, Sushi Swap, Uniswap, Aave, Argent , Gnosis Chain and Curve Finance, expressed interest in deploying on the blockchain.
Several protocols are immediately available via 1inch on zkSync Era, including: GemSwap, SpaceFi, ConsenSys, Maverick and Mute.
Learn more: https://blog.1inch.io/the-1inch-network-expands-to-zksync-era/
You can visit our Help Center for detailed guides on how to use 1inch on different networks.
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