https://www.theblock.co/post/352286/1inch-launches-on-solana-plans-cross-chain-swaps-to-boost-liquidity1inch launches on Solana, plans cross-chain swaps to boost liquidity
"The second-largest decentralized exchange (DEX) aggregator by volume has activated support for Solana.
1inch said it intends to expand its cross-chain swaps feature soon, connecting Solana to 10 decentralized finance blockchains.
Multi-chain DEX aggregator 1inch has launched on Solana, bringing its Fusion protocol, onchain swaps and six developer APIs to a network known for speed throughout crypto's industry, the project said.
The integration enables MEV-protected swaps for over 1 million Solana-based tokens, utilizing 1inch's open-source smart contracts and intent-based trading architecture. Intents refer to a blockchain user's end goal within a decentralized application or ecosystem.
Here, in 1inch's Solana rollout, users can define trade parameters, while professional market makers, also known as resolvers, compete to execute orders using a Dutch auction model — the exchange rate starts high and decreases until a resolver accepts the swap. The system aims to reduce price slippage and help optimize swap prices with expansive liquidity."