TL;DR

1inch Network integrates ZKsync, an Ethereum scaling solution, to offer faster and cheaper cross-chain swaps.
1inch’s Fusion+ technology enables fee payments through “relayers” who stake 1INCH tokens, benefiting users with lower costs.
ZKsync, based on zero-knowledge technology, speeds up transactions while maintaining Ethereum’s security.

The decentralized exchange (DEX) aggregator 1inch Network has integrated ZKsync, a layer-2 scaling solution for Ethereum, with the aim of enabling faster and more cost-effective transactions for cross-chain swaps between different blockchain networks. This collaboration stands out in an increasingly competitive crypto market, as 1inch seeks to enhance user experience by eliminating the high fees and waiting times associated with Ethereum’s main network, which has often hindered the scalability and usability of decentralized applications (dApps). 

Innovation for a Seamless Crypto Experience

1inch’s innovative system utilizes Fusion+ technology, launched in beta last September, which has already facilitated millions of dollars in trading volume. With this new integration, 1inch expects a significant increase in trading volumes and user adoption. 1inch co-founder Sergej Kunz said that this advancement will enable cross-chain swaps without the need for traditional bridges, utilizing ZKsync’s cross-chain technology to make exchanges smoother and more secure, thus enhancing liquidity and improving user experience.

One of the most interesting features of this integration is 1inch’s ability to minimize transaction costs. Instead of users bearing the network fees, as is common with other systems, “relayers” (users who stake 1INCH tokens) are responsible for covering these costs through a bidding mechanism. This allows users to benefit from greater efficiency without having to worry about high fees, which often hinder the mass adoption of blockchain technology and decentralized finance (DeFi) solutions. As a result, both casual users and institutions are likely to find this a more accessible and affordable option for trading.

ZKsync, for its part, stands out for its use of zero-knowledge technology, which significantly reduces gas fees while increasing transaction speeds, all while maintaining Ethereum’s security.

With plans to reach 10,000 transactions per second, ZKsync is also exploring the possibility of eliminating transaction fees in the future, which could mark a milestone in blockchain technology development, providing a more sustainable and efficient way for decentralized finance platforms to scale globally.

Recently, ZKsync has started attracting the attention of major institutions like UBS, the Swiss banking giant, which is testing the technology to optimize gold-backed financial products. This highlights ZKsync’s potential to transform not only the DeFi ecosystem but also more traditional financial applications in the sector.

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Filed under: News - @ February 6, 2025 3:26 pm