By Ollie - Crypto Consultant - 17/08/2021
Recently in the world of cryptocurrency, the Ethereum (ETH) network has integrated the 1Inch Network (1INCH) into its ecosystem. 1Inch is a Decentralised Exchange (DEX) aggregator that’s designed to go through many DEX platforms to find the most profitable exchange for users. The 1Inch Network has become a crypto community favourite in finding the best profits across multiple platforms. Since 1Inch had expanded to the Optimistic Ethereum Mainnet, it had since become the second decentralised finance (DeFi) project integrated into the layer 2 network. The first DeFi project to make the move was reportedly Uniswap. Fans that buy 1INCH regularly are excited for the news as the integration will help increase the speed of transactions and keep gas fees affordable.
Before moving to Ethereum’s layer 2 platform, the 1Inch Network had previously integrated with Polygon (MATIC). Polygon is also another application that is built within the Ethereum Layer 2 network. 1Inch helps Polygon users to use their platform’s liquidity products which also includes other platforms such as Sushiswap, QuickSwap, Cometh, and Curve. The 1Inch network has it's own crypto market investment dubbed as 1INCH. Users of the network can start buying 1INCH crypto to use as governance on the platform. Investors can purchase and sell 1INCH at popular cryptocurrency platforms like Binance and BC Bitcoin.