Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

DEX aggregator 1inch launches Solana version

Source Cryptopolitan

One of the busiest Ethereum aggregators, 1inch, is launching a Solana version. The aggregator will compete with other apps during a newly active Solana meme season.

The 1inch DEX aggregator, one of the key Ethereum apps, will launch a Solana version. The launch arrives at a time of heightened Solana token activity, where the leading aggregators produce up to $2.5M in daily fees.

The 1inch team announced that the new Solana version is already live and capable of interacting with all newly launched tokens. At the moment, 1inch will start as an aggregator, however the community has suggested building a launchpad, similar to Raydium or Pump.fun, which combine token launchpads and DEX liquidity.

The aggregator will accept Trust Wallet and Phantom through Wallet Connect, allowing all Solana traders to start swapping immediately. All traders will access the Fusion protocol, the main mechanism for fast decentralized swaps.

The aggregator will accept the user’s parameters, then wait for transaction fulfillers to offer the best possible price, with the least slippage. The aggregator will also prevent MEV bot attacks, which front-run Solana trades.

Following the Solana launch news, the 1INCH token rallied from weekly lows of $0.17 up to $0.21. The token is still near a one-month high after bouncing from April’s lows of $0.15.

1 million+ tokens. $7 billion liquidity. The best swap rates.

Unleash @solana with 1inch.

Now live for on-chain swaps.

Start now 🌅 https://t.co/wUGBanUDdz pic.twitter.com/xr2Qc3tQvh

— 1inch (@1inch) April 29, 2025

Ethereum’s slower pace hurts 1inch revenues

The shift to Solana follows a general slowdown for 1inch on Ethereum. Compared to the Jupiter DEX aggregator, 1inch only produces up to $300K on successful days, and as low as $1.3K during slow periods.

The aggregator still serves close to 60K daily active wallets, with three swaps daily on average. The app burns around 24 ETH each day for its busiest router contracts, lining up among the top 20 gas burners.

However, the router’s performance is only one part of the 1inch product package. Part of the slowdown is due to the shift to 1inch Swap, which continues to draw in significant quarterly volumes despite short-term activity fluctuations.

The 1inch aggregator has already shown its experience with multi-chain presence, though limited to EVM-compatible chains. The network achieves up to $187M in volumes from its multi-chain activity, based on DeFi Llama data. In the past months, activity on the BNB Smart Chain also increased, showing 1inch was capable of tapping the hottest token trading networks.

Solana DEX activity still hinges on Raydium, Orca, and Meteora, together making up over 80% of all trading volumes. Solana is also a leader in bot trading activity, with 86.6% of all bot-driven swaps.

DEX aggregator 1inch launches Solana version. — Raydium is still the leading Solana DEX, potentially bringing new revenues to the 1inch aggregator. | Source: Dune Analytics

On Solana, 1inch will aim to stop MEV attacks, offering protected swaps for over 1M tokens that graduated to the DEX. After the initial launch, the aggregator will also offer cross-chain swaps at the best possible rate, offering access to liquidity from 13 chains already onboarded.

Overall, Solana’s DeFi activity increased in Q1, driven by DEXs, a renewal of meme token launches, and lending. The chain still carries close to 4M daily active wallets, rising from a recent slump of 2.8M active wallets.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin CME gaps at $35,000, $27,000 and $21,000, which one gets filled first?Prioritize filling the $27,000 gap and even try higher.

Author FXStreet

Aug 22, 2023

Prioritize filling the $27,000 gap and even try higher.

Pinduoduo Earnings Incoming: Morgan Stanley Sees Long-Term Profit Potential Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.

Author Mitrade

Nov 20, 2024

Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.

Elon Musk’s xAI and Neuralink Launch New Funding Rounds Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.

Author Insights

Jun 03, 2025

Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.

Bitcoin briefly loses 2025 gains as crypto plunges over the weekend.Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

Author Mitrade

Nov 17, 2025

Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

Silver Price Forecast: XAG/USD falls to near $72.00 amid fading safe-haven demand Silver price (XAG/USD) continues to lose ground after registering tiny losses in the previous day, trading around $72.90 during the Asian hours on Thursday. The safe-haven demand for the precious metal fades amid rising optimism over Middle East peace.

Author FXStreet

Apr 02, Thu

Silver price (XAG/USD) continues to lose ground after registering tiny losses in the previous day, trading around $72.90 during the Asian hours on Thursday. The safe-haven demand for the precious metal fades amid rising optimism over Middle East peace.

Popular Symbols