1inch

Sergej Kunz, co-founder of a blockchain project, is scheduled to speak at two events during EthCC7 in Brussels on July 8, 2024. At 15:45, Kunz will deliver a keynote titled 'The Future of DeFi: Intents' in the EthCC Gold Hall. Later, at 17:40, he will participate in a panel discussion on 'Enhancing Scalability with Restaking' as part of the Infra Day organized by epicweb3. Attendees of EthCC7 are encouraged to attend these events.

1inch, a decentralized exchange aggregator, has released its June analytics for supported blockchain networks. The total volume across all chains reached $499.9 billion, an increase of $10.7 billion from the previous month. The number of swaps rose by 5.6 million to 99.1 million, while the number of wallets grew by 752,200 to 16.5 million. Ethereum remained the dominant chain with $382.9 billion in volume, followed by BNB Chain at $46.1 billion. Notable growth was observed on Base, with a $268.2 million increase in volume and 2.5 million more swaps. The 1inch Fusion protocol also showed significant activity with $28.1 billion in volume and 3.2 million swaps.

1inch, a leading decentralized exchange aggregator, marked its fifth anniversary by integrating with HotDAO, Aspis Protocol, and Shido Global. The company shared a retrospective of its milestones from 2019 to 2023, including media appearances and industry events. Upcoming engagements include panels at Proof of Talk in Paris, Coinfest Asia in Bali, and the European Blockchain Convention in Barcelona, where 1inch's co-founders and executives will discuss the future of DeFi and crypto-traditional finance convergence.

1inch Network has unveiled its Fusion API, designed to enable crypto exchanges and wallets to offer token swaps with zero network fees, unlimited liquidity across the market, miner extractable value (MEV) protection, and full regulatory compliance. The Fusion API aims to provide a seamless and cost-effective solution for integrating decentralized finance (DeFi) capabilities into centralized platforms.

Synthetix, a decentralized synthetic asset issuance protocol, has announced an update to its redemption process on the Ethereum blockchain. From now on, users can only redeem non-USD synthetic assets (synths) to the protocol's native stablecoin, sUSD. This change aims to streamline the redemption process and enhance trading efficiency. Synthetix also highlighted the option to seamlessly swap non-USD synths to sUSD using the 1inch decentralized exchange aggregator.

A new API called 1inchFusion has been launched, targeting financial institutions looking to enter the decentralized finance (DeFi) space. The API offers no network fees, enhanced protection against miner extractable value (MEV) attacks, and full Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance. It is being marketed as a breakthrough solution that can help traditional finance institutions transition into DeFi.

1inch, a decentralized exchange aggregator, has announced an upgrade to its swap feature that can reduce transaction costs by up to 16%. This improvement leverages the efficiency of the Uniswap and Curve protocols to ensure users get the best rates for their transactions. The platform has also reached milestones of over 1 million swaps and $1 billion in total trading volume, reflecting its ability to provide deep liquidity and competitive rates. Users are advised to research thoroughly before swapping tokens.

MagicSquare has announced the integration of the 1inch Swap API into its platform. To celebrate this integration, MagicSquare is hosting a contest where the 100 users with the highest swap volume on MagicSquare will share $25,000 in SQR tokens. Additionally, 10 lucky users who repost both the integration and contest announcements will receive $100 each. The full rules for the contest are provided in the announcement.

1inch Network had a significant month in March. New features were introduced for the 1inch Wallet, including the Community Builders Program 2.0 and lower Layer 2 fees with the Dencun upgrade. The network also participated in global events and reported impressive statistics.

1inch has announced an upgrade to their hardware wallet prototype, transforming it into a 6-in-1 multitool. The new device will not only secure cryptocurrency assets but also function as a bottle opener, screwdriver, and other tools. 1inch emphasizes the importance of versatility in the crypto world, combining security with practicality in an innovative way.