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1inch Upgrades To Offer Gasless Custom Swaps & MEV Protection
1inch, the largest decentralized exchange aggregator by daily volume, carried out a protocol upgrade called Fusion that claims to give DeFi users the ability to place custom swap orders at specific prices without having to pay gas fees.
Uzma D.
5:57 28th Dec, 2022
Markets

The upgrade also claims to protect users against maximum extractable value (MEV), which refers to a common type of front-running prevalent on blockchains.

“Fusion makes swaps on 1inch dramatically more cost-efficient, as users won’t have to pay network fees, plus, an extra layer of security is added, protecting users from sandwich attacks,” 1inch Network co-founder Sergej Kunz said.

1inch is a project that lets traders access liquidity from multiple DEXs in order to swap tokens from within a single platform. It leads in the DEX aggregation niche, processing over $1 billion in trading volume within the past week alone, ahead of competitors like Paraswap, Matcha and Cowswap.

The Fusion upgrade relates to 1inch's Swap Engine, a mechanism that connects users with professional market makers that serve liquidity requirements.

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