Decentralized exchange (DEX) aggregator 1inch has deployed an update for its price route discovery algorithm, claiming up to 6.5% better swap rates.
In a June 10 announcement shared with Cointelegraph, 1inch claims its “Pathfinder” upgrade results in better swap rates, while also making them faster and more seamless. The new algorithm consolidates specific swap steps and maximizes the use of concentrated liquidity, promising better gas efficiency.
A 1inch representative said the team hopes the gas efficiency improvements will decrease the barrier to entry for retail investors. “This can encourage more frequent usage and build trust in DeFi platforms, making DeFi more accessible,” they said.
On the user experience front, 1inch said the decentralized application (DApp) now also shows its users enhanced visualizations, providing insights into token and transaction execution. Sergej Kunz, co-founder of 1inch, claimed that the update “enables users and integrators to maximize the value of every trade” and cut gas costs.
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1inch keeps building
The announcement follows the launch of 1inch on Solana at the end of April. The team said the integration enables users to trade over one million Solana-based tokens directly through 1inch.
At the time, the 1inch team also revealed its intention to roll out crosschain functionality. This would enable swaps between Solana and more than 10 other networks already supported by the aggregators. However, a representative noted that there is still no fixed launch date for the feature.
The decentralized exchange aggregator appears to be on a lucky streak. In early May, the platform successfully recovered most of the $5 million stolen in a recent exploit after negotiating a bug bounty agreement with the attacker.
Related: Specialized purpose DEXs poised for growth in 2025 — Curve founder
Taking on decentralized finance
1inch hopes that by implementing gradual improvements, it will win an increasingly large slice of the decentralized finance (DeFi) pie. A representative told Cointelegraph that “these features help 1inch outperform competitors in swap efficiency and gas savings.”
“As rivals focus on single-venue liquidity, 1inch’s edge lies in dynamic aggregation across ecosystems, making it more adaptable and attractive to users and integrators alike,“ they added.
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