1inch Partners with Barter to Enhance Efficiency and Cost-Effectiveness in DeFi Trading

1inch partners with Barter to enhance efficiency and cost-effectiveness in trades. Barter addresses inefficiencies in DeFi trading through an intent-based system that finds optimal routes across multiple liquidity sources. The partnership further positions 1inch as a leading venue for intent-based crypto swaps, potentially benefiting users with tighter rates and more reliable trade settlement.

1inch, a leading DeFi platform, has announced a strategic partnership with Barter, a seasoned swap resolver. This collaboration aims to improve the efficiency and cost-effectiveness of trades within the 1inch ecosystem [1].

Barter, known for its intent-based system that optimizes token swaps by finding the best routes across multiple liquidity sources, will now join 1inch's resolvers. This partnership brings top-tier execution and efficiency to 1inch, potentially benefiting users with tighter rates and more reliable trade settlement [1].

The partnership reflects a growing trend in the DeFi space, where collaboration and shared infrastructure are becoming increasingly important. Nikita Ovchinnik, co-founder of Barter, emphasized that partnerships like this one with 1inch show the benefits of aligning on standards and execution, fostering a collaborative ecosystem rather than a competitive one [1].

Looking ahead, Barter aims to evolve from a swap resolver into a multifaceted platform, combining resolving mechanisms, liquidity, an intuitive UI, and additional components. This expansion will further enhance the capabilities of the 1inch platform and attract more DeFi traders [1].

The partnership is part of 1inch's broader strategy to become a leading venue for intent-based crypto swaps. Since the launch of intent-based swaps in late 2023, resolvers have executed trades worth $52.6 billion, highlighting the growing demand for efficient and cost-effective trading solutions [1].

References:
[1] https://blog.1inch.io/1inch-partners-with-barter/
[2] https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=xrp-incentives-available-to-vivopower-investors-through-crypto-partnership