The network of the Decentralized Exchange Aggregator (DEX) has expanded its cross -exchange capacities by integrating Zksync, a layer 2 to Ethereum scaling to provide faster and cheaper transactions during moving the crypto between different networks.
The integration, announced via a shared press release with Coindesk, allows its users to transparently execute cross -exchanges involving ZKSYNC. 1INCH said that this feature, fueled by its “Fusion +” technology and launched in beta last September, has already facilitated millions of trading volume.
“With crossed exchanges without breeze and mid-reception of confidence now available in the Zksync era, 1INCH expects a significant increase in negotiation volumes and the adoption of users,” said Coindesk Sergej Kunz, Co -the 1inch depth.
1Inch’s System offers an alternative to traditional puncture. Network costs are covered by “resolvers” instead of the users themselves. These resolvers, who must put the 1st Ench tokens to have this status, compete with each other to guarantee that users obtain the best possible rates.
“The costs below, the faster purpose and improved security should attract both experienced deffi and newcomers, feeding wider market participation and liquidity growth through the 1inch ecosystem”, Kunz
Built using zero knowledge technology, a type of layer 2 scale system, ZKSYNC offers significantly lower gas costs compared to the main network of Ethereum while increasing transaction speeds. Despite these advantages of speed and cost, he takes advantage of Ethereum blockchain safety.
The ZKSYNC roadmap shows that the network aims to reach 10,000 transactions per second and explore technologies that could potentially eliminate transaction costs in the future.
More recently, the Swiss banking giant UBS said that it was testing Zksync technology for one of its golden back -to -back products.
