1inch Network Updates Cross-Chain Swaps to Feature ZKsync
1inch Network announced it has expanded its cross-chain swap capabilities to include ZKsync, a Layer 2 scaling solution for Ethereum.
In a press release shared with Cryptonews, this update will offers users more flexibility and efficiency in their trading activities.
— 1inch (@1inch) February 6, 2025
1inch now supports @zksync for cross-chain swaps!
One of the most efficient and secure Layer 2 networks, it’s already available in your #1inchWallet and dApp.
That means you’ve got more options for seamless, gas-free and secure swaps.
Find out morehttps://t.co/2tHPalOeqG pic.twitter.com/DMK9aUxERJ
The inclusion of ZKsync into 1inch’s cross-chain swap functionality provides users with a streamlined method to trade assets across different networks.
1inch said that by using its decentralized application (dApp) or the 1inch Wallet, traders can now use ZKsync’s capabilities to optimize their cross-chain strategies.
Launched in beta in September 2024, 1inch’s cross-chain swaps have been seeing huge trading volumes, according to 1inch.
The platform’s Fusion+ technology allows for self-custodial, and gas-free cross-chain transactions, allowing users to maintain full ownership of their assets.
What is the Appeal of ZKsync for DeFi Users?
ZKsync has become a preferred network for many traders due to its numerous advantages.
Gas fees on ZKsync are typically much lower than those on Ethereum’s Layer 1, making frequent or smaller trades more cost-effective.
Transactions are processed swiftly, providing near-instant execution. Additionally, ZKsync’s ZK-Rollup technology collaborates with Ethereum’s security framework to ensure asset protection.
By aggregating multiple transactions into a single proof verified by Ethereum, ZKsync maintains data privacy while enhancing security.
This method reduces processing time and costs, offering a blend of speed and trust.
The Growth Behind ZKsync
Over time, ZKsync has evolved into a practical Layer 2 solution, gaining support from major DeFi platforms such as Uniswap and Aave.
Developers find it straightforward to migrate their Ethereum-compatible projects to ZKsync, further bolstering its ecosystem.
The 2025 roadmap for ZKsync is ambitious, intending to achieve up to 10,000 transactions per second and exploring technologies that could potentially eliminate fees altogether.
While these developments are underway, the current integration with 1inch already provides users with a faster and more cost-effective method for cross-chain swaps.
The post 1inch Network Updates Cross-Chain Swaps to Feature ZKsync appeared first on Cryptonews.
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1inch Network Updates Cross-Chain Swaps to Feature ZKsync
1inch Network announced it has expanded its cross-chain swap capabilities to include ZKsync, a Layer 2 scaling solution for Ethereum.
In a press release shared with Cryptonews, this update will offers users more flexibility and efficiency in their trading activities.
— 1inch (@1inch) February 6, 2025
One of the most efficient and secure Layer 2 networks, it’s already available in your #1inchWallet and dApp.
That means you’ve got more options for seamless, gas-free and secure swaps.
Find out more
The inclusion of ZKsync into 1inch’s cross-chain swap functionality provides users with a streamlined method to trade assets across different networks.
1inch said that by using its decentralized application (dApp) or the 1inch Wallet, traders can now use ZKsync’s capabilities to optimize their cross-chain strategies.
Launched in beta in September 2024, 1inch’s cross-chain swaps have been seeing huge trading volumes, according to 1inch.
The platform’s Fusion+ technology allows for self-custodial, and gas-free cross-chain transactions, allowing users to maintain full ownership of their assets.
What is the Appeal of ZKsync for DeFi Users?
ZKsync has become a preferred network for many traders due to its numerous advantages.
Gas fees on ZKsync are typically much lower than those on Ethereum’s Layer 1, making frequent or smaller trades more cost-effective.
Transactions are processed swiftly, providing near-instant execution. Additionally, ZKsync’s ZK-Rollup technology collaborates with Ethereum’s security framework to ensure asset protection.
By aggregating multiple transactions into a single proof verified by Ethereum, ZKsync maintains data privacy while enhancing security.
This method reduces processing time and costs, offering a blend of speed and trust.
The Growth Behind ZKsync
Over time, ZKsync has evolved into a practical Layer 2 solution, gaining support from major DeFi platforms such as Uniswap and Aave.
Developers find it straightforward to migrate their Ethereum-compatible projects to ZKsync, further bolstering its ecosystem.
The 2025 roadmap for ZKsync is ambitious, intending to achieve up to 10,000 transactions per second and exploring technologies that could potentially eliminate fees altogether.
While these developments are underway, the current integration with 1inch already provides users with a faster and more cost-effective method for cross-chain swaps.
The post 1inch Network Updates Cross-Chain Swaps to Feature ZKsync appeared first on Cryptonews.
Read More
Funding Rates Tumble as Market Awaits Upheaval