1inch Integrates Sonic Network for Enhanced DeFi Experience

Introduction of Sonic Network into 1inch Ecosystem

1inch, a prominent player in the decentralized finance (DeFi) space, has now integrated the high-speed Sonic network developed by Sonic Labs. This new collaboration allows users of 1inch to execute trades efficiently on the Sonic platform, leveraging its unique capabilities.

Enhanced Swapping and Cross-Chain Functionality

Effective immediately, users can enjoy seamless swapping on the Sonic network. This integration facilitates cross-chain operations with other Ethereum Virtual Machine (EVM)-compatible blockchains through both the 1inch Wallet and the Developer Portal.

Sonic Wallet Integration

With this latest enhancement, Sonic is now a native asset within the 1inch Wallet, enabling users to effortlessly manage, exchange, and monitor their Sonic assets. This functionality is fully augmented by the 1inch Portfolio feature, ensuring users have all the necessary tools at their fingertips.

Advanced Liquidity and Trading Security

Sonic’s liquidity is now part of Pathfinder, which is 1inch’s advanced routing mechanism. This allows users to utilize the 1inch interface or API for their trading activities. Each transaction processed through Sonic using the 1inch platform benefits from built-in MEV protection, ensuring both speed and security are prioritized.

Statements from 1inch Co-Founder

Sergej Kunz, Co-Founder of 1inch, stated, “This integration empowers our users by providing gasless, efficient swap rates on Sonic, facilitating secure trading across chains without the need for bridges. It underscores our dedication to consolidating the DeFi landscape while maintaining our status as the leading DEX aggregator.”

Sonic Network Capabilities

The Sonic network is noted for its exceptional performance, achieving sub-second finality and the ability to handle up to 400,000 transactions per second.

Benefits for Various Users

Traders will benefit from quicker execution and tighter spreads, while developers can access the Sonic network through APIs available in the 1inch Developer Portal. Furthermore, new users in the DeFi field can take advantage of lower fees, making this integration an excellent gateway into the world of decentralized finance.

This fresh integration signifies a significant advancement in the DeFi ecosystem, making it easier for users and enhancing overall trading experiences.