Investment

The 1-inch network increases liquidity resources by expanding to Polygon

1inch Network, a leading decentralized stock market aggregator, has officially expanded to Polygon – a move that opens up additional liquidity resources to Curve, SushiSwap, QuickSwap, Aave V2 and Cometh.

1inch announced on Thursday that stock exchange liquidity funds will be added immediately and more protocols will be gradually introduced. The polygon has been described by 1inch as a “critical” security infrastructure protocol efficient ether scaling as a development network it switches to proof-of-stake or PoS.

Sergei Kunz, co-founder of 1inch Network, said users’ demands for Polygon swapping were “massive” after the 1inch integrated Binance Smart Chain:

“After the 1-inch network expanded to the Binance Smart Chain, the community made a huge demand that Polygon be available for a 1-inch exchange as well.” Currently, the 1-inch aggregation protocol is already deployed on Polygon, while the 1-inch Liquidity Protocol and 1inch Governance Protocol are expected to be extended to Polygon in the next few weeks. “

In terms of market capitalization, Polygon is the 28th largest cryptocurrency protocol, with a total network value of $ 6.9 billion, according to CoinGecko.

Kunz attributed the integration of Binance Smart Chain with the successful extension of its protocol. 1-inch users can now easily switch between Binance Smart Chain and Ethereum in search of higher speeds and lower transaction fees.

1inch quickly emerged as the leading decentralized stock market aggregator it has only recently integrated with Mdex. The launch of the 1-inch wallet earlier this month further strengthened its position as the leading entry point to DeFi.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button