Solana News Today: 1inch Eliminates Bridges, Unlocks Trustless Solana-EVM Swaps

1inch has launched a new cross-chain swap functionality that directly connects Solana with over 12 Ethereum Virtual Machine (EVM) networks without the need for bridges or messaging protocols. This update marks a significant development in decentralized finance (DeFi) by enabling users to swap assets between Solana and EVM-based blockchains in a secure, efficient, and MEV-protected manner. The integration is available across the 1inch decentralized application (dApp), wallet, and Fusion+ API, allowing both retail users and developers to seamlessly access the new feature [1].

The move eliminates the traditional reliance on cross-chain bridges, which have been historically vulnerable to exploits and security breaches. By bypassing these intermediaries, 1inch offers a self-custodial solution where users retain full control over their assets. The platform leverages a Dutch Auction settlement model and chain-specific escrow contracts to facilitate trustless cross-chain swaps. This approach not only enhances security but also improves the efficiency of liquidity sourcing and trade execution [2].

Sergej Kunz, co-founder of 1inch, emphasized that the integration addresses a critical challenge in DeFi—liquidity fragmentation. Prior to this update, users and developers faced limitations due to the inability to move assets across different blockchain ecosystems without relying on centralized or potentially insecure solutions. The new functionality unifies Solana and EVM liquidity pools, enabling users to access the best rates and swap assets without worrying about the underlying chain infrastructure [3].

The integration also expands Solana’s role as a DeFi hub, opening it up to a broader range of liquidity and user bases. For developers, 1inch’s Fusion+ API and SDK provide a scalable solution to integrate cross-chain swaps into their own applications. This capability supports the ongoing development of decentralized applications (dApps) and services that rely on seamless interoperability between chains. The feature is part of 1inch’s broader strategy to unify DeFi ecosystems and streamline the user experience [4].

Kunz also highlighted the long-term vision of a chain-agnostic DeFi landscape. He noted that within two to three years, the need to distinguish between specific blockchains may become obsolete as liquidity moves freely across networks. This vision aligns with 1inch’s efforts to create a unified DeFi experience where users can execute swaps based on the best rates and security, regardless of the underlying chain. The platform’s roadmap includes further expansion to non-EVM chains, reinforcing its commitment to cross-chain interoperability [3].

The launch of the Solana cross-chain swaps follows 1inch’s initial integration with the Solana network earlier this year. By combining Solana’s fast transaction times with 1inch’s innovative execution models, the platform aims to provide a more robust and user-friendly DeFi experience. The feature is now live on the 1inch dApp and wallet, with plans to expand accessibility through additional integration points. As 1inch continues its mission to unify DeFi, this update represents a major step toward a more interconnected and efficient blockchain ecosystem [4].

Source:

[1] 1inch Enables Cross-Chain Swaps with Solana - Blog (https://blog.1inch.io/1inch-solana-cross-chain-swaps/)

[2] 1inch Unveils Solana Integration for Cross-Chain Swaps (https://thedefiant.io/news/defi/1inch-unveils-solana-integration-for-cross-chain-swaps)

[3] 1inch launches Solana-to-EVM crosschain swaps without ... (https://cointelegraph.com/news/1inch-solana-evm-crosschain-swaps-no-bridges)

[4] 1inch launches native cross-chain swaps between Solana ... (https://www.theblock.co/post/367406/1inch-launches-native-swaps-between-solana-and-evm-chains)