The 1inch Network continues its rapid expansion across the DeFi ecosystem with the deployment of its 1inch Aggregation Protocol and 1inch Limit Order Protocol on Avalanche and Gnosis Chain (formerly xDai Chain). This strategic move provides users with enhanced options for low-cost, high-speed transactions on these fast-growing blockchains.
Why Avalanche and Gnosis Chain?
Sergej Kunz, 1inch Network co-founder, emphasized the network’s mission:
"1inch’s primary goal is to deliver the best deals across blockchain space. Expanding to new chains like Avalanche and Gnosis Chain ensures users benefit from cost-efficient and swift transactions."
Avalanche: A High-Performance Blockchain
Avalanche has demonstrated remarkable growth, becoming a preferred choice for cross-chain transactions. Key metrics include:
- TVL (Total Value Locked): Peaked at $13.4B** (November 2021) from **$2.3B in September 2021 (483% increase).
- Daily Transactions: Averaged 673,223 in December 2021.
- Top dApp: Trader Joe with $223M daily volume.
Protocols Available via 1inch on Avalanche:
- 1inch Limit Order Protocol v2
- Aave v2
- Pangolin, SushiSwap, Trader Joe
- Curve (v1/v2), KyberSwap, Lydia Finance
- WAVAX (wrapped AVAX)
👉 Explore Avalanche DeFi integrations
Gnosis Chain: Scalability and Efficiency
Formerly xDai Chain, Gnosis Chain offers a stablecoin-focused ecosystem:
- TVL: $208.2M (January 2022).
- Daily Transactions: 223,814 (December 2021).
- Leading DEX: Curve v1 ($1.7M weekly volume).
Protocols Available via 1inch on Gnosis Chain:
- 1inch Limit Order Protocol v2
- Honeyswap, Levinswap, Swapr
- wxDai (wrapped stablecoin)
How to Use 1inch on Avalanche and Gnosis Chain
For step-by-step guides, visit the 1inch Help Center.
FAQ Section
Q: What benefits does 1inch offer on Avalanche?
A: Lower fees, faster transactions, and access to top dApps like Trader Joe and Aave.
Q: Is Gnosis Chain compatible with Ethereum wallets?
A: Yes! MetaMask and other EVM-compatible wallets work seamlessly.
Q: How does 1inch ensure the best swap rates?
A: By aggregating liquidity across multiple DEXs in real-time.
👉 Learn more about cross-chain swaps
Stay updated with the latest 1inch Network developments for more DeFi innovations!
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