Decentralized Finance (DeFi) protocol 1inch has deployed the protocol on top of the Ethereum layer 2 solution “zkSync Era” to reach faster and cheaper transactions.
1/ The #1inch mascot is entering a new era of #DeFi adventures!
If you see a shiny bright portal animation on your screen with a cyber-unicorn standing next to it, you must know what it means, right?@zksyncwelcome to the club
pic.twitter.com/QDQUSBtJd1
— 1inch Network (@1inch) April 20, 2023
1inch Network is the latest platform following Uniswap, SushiSwap, Maker and Curve Finance to be launched in the zk-proof roll-up zkSync Era.
Sergej Kunz, co-founder of 1inch Network, highlights the promise of layer 2 solutions as his platform is among the first to integrate with the zk-proof powered protocol.
“While zkSync Era is gaining popularity, 1inch users will benefit from faster and cheaper transactions.”
Matter Labs CEO Alex Gluchowski, who heads zkSync development company, noted that the DeFi protocol is a key factor in the zkSync era.
“DeFi was the driving force behind the exponential growth of zkSync Era, which saw TVL grow to over $200M in just three short weeks, and we expect 1inch deployments to lead zkSync Era adoption at even better.”
1inch Network will provide zkSync Era with deeper, faster liquidity, better rates, and lower slippage.
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