1inch Expands to Solana—Bitcoin DeFi Swaps Coming Next, Says Co-Founder
Aggregation protocol makes power play for multi-chain dominance—just as Wall Street starts pretending it invented ’liquidity mining.’
Solana gets the nod first, but Bitcoin’s ancient blockchain could finally get a taste of DeFi’s yield-generating tricks. Watch the OG crypto purists lose their minds.
Pro tip: When TradFi banks inevitably launch their own ’revolutionary’ swap protocols next quarter, remember who did it first—without the $50 million consulting fee.
Bitcoin’s Role in 1inch DeFi Swaps, Solana Integration, and Cross-Chain Growth
Solana Integration Expands Cross-Chain Capabilities
By bringing in Solana, 1INCH makes another giant stride towards fulfilling its stated plans to expand into the cross-chain functionality. Now that Solana’s fast, efficient Blockchain is open to users of 1inch, the scalability issue in decentralized finance has seen significant improvement, and results are on the table.
Sergej Kunz, Co-Founder of 1inch, stated:
1inch’s bitcoin in DeFi swaps will be enhanced through this integration, as more and more liquidity sources become available through a single interface.
Bitcoin Integration Coming Next
Future plans for 1inch’s Bitcoin in DeFi include the addition of the top cryptocurrency by market cap to its list of alternatives. Following up on their new strategies, the team has resolved that Bitcoin is the next challenge area for integration, with a view of significantly enhancing the liquidity windows for traders and investors.
Kunz gave his side of the story on what the Bitcoin integration will look like:
Under way, this project aims to enable direct, trustless, and party-less Bitcoin exchanges mostly with the goal of improving security in the DeFi environments through high-level smart contracts.
Security and User Experience Improvements
Security remains, at this moment, central to 1inch’s cross-chain expansion. The platform has invested heavily in protecting users from market volatility in crypto and potential attacks such as MEV (Maximal Extractable Value), which has become a growing concern.
In an interview, Kunz shared the following insight:
Intent-based Fusion Swaps simplify communications and enhance security among various blockchain networks, and this intuitive approach is catching-on throughout the business.
Expanding Beyond Cryptocurrency
The 1inch Bitcoin in the DeFi swaps ecosystem is a milestone in the company’s vision to leverage between decentralized and mainstream finance markets. 1inch is a project that is developing a way to introduce engagement with card products to help them use digital assets that will ease transactions in the real world.
After covering Bitcoin, the company will add blockchains like sui and Aptos, striving to unify liquidity amongst divided DeFi networks and mitigate the ever-present scalability issue for users worldwide.
