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CoinGape 2025-02-07 10:42:50

1inch integrates zksync’s ZK-roll up tech; to make cross-chain swaps more faster and secure

1inch, the decentralised exchange (DEX) aggregator, announced on Thursday its integration with zkSync, the Ethereum layer-2 scaling solution that uses zk-roll ups. In a bid to more faster and secure cross-chain transactions , 1inch will enable its users to make frequent or smaller trades with much lower gas fees using zkSync’s Ethereum Layer-1 security. Sergez Kunz, co-founder of 1inch, further shared his insights with Coingape, on the integration, saying, “By deploying 1inch fusion+ on Zksync era, users can gain access to secure, cost-effective, and bridgeless cross-chain swaps. ZKsync Era’s zero-knowledge rollups offer higher throughput and stronger security guarantees on Ethereum L1, all while maintaining lower transaction costs, thus, offering users benefits of cutting-edge scalability, better liquidity, and a robust security model.” How zkSync can enable faster and multiple cross-chain swaps in one go Using its zero-knowledge rollups (zk-rollups) on Ethereum layer 2, zksync’s integration is set to provide low-cost and secure cross-chain transactions for 1inch’s user base. The zkSync ecosystem will provide users with best possible prices for token swaps, enabling higher returns for them. Without central intermediaries, users will be able to move funds seamlessly now between Ethereum and zksync. Using 1inch’s Fusion+ technology, zkSync era will also allow users to make multiple transactions with a single proof using zero-knowledge rollups (ZK-Rollups) of zkSync. The transactions are set to be faster, transparent, and private with zksyn saving time in settlements and cutting costs. Furthermore, zkSync uses cryptographic proofs (SNARKs and STRAKs) to verify transactions before executing them. The risks related to layer 2 failures will also be minimised . 1inch now supports @zksync for cross-chain swaps! One of the most efficient and secure Layer 2 networks, it’s already available in your #1inchWallet and dApp. That means you’ve got more options for seamless, gas-free and secure swaps. Find out more https://t.co/2tHPalOeqG pic.twitter.com/DMK9aUxERJ — 1inch (@1inch) February 6, 2025 1inch to become the go-to aggregator? 1inch, with its beta launch last September, has been witnessing an accelerating user base with its multi-chain blockchain networks available on Ethereum, Binance Smart Chain, Polygon Avalanche, Arbitrum etc. Introducing more flexibility in trading between different networks, 1inch’s Fusion+ tech outweighs conventional bridging as it outsources network fees to resolvers. And now, the integration with zksync which has been adopted by leading DeFi applications such as Uniswap and Ave, 1inch is all good to offer secure and quicker settlements for its on-chain transactions. Crossing over $544B+ in trading volumes with successful execution of 115M+ trades, 1inch can lead to the development of a compliant DeFi ecosystem. The post 1inch integrates zksync’s ZK-roll up tech; to make cross-chain swaps more faster and secure appeared first on CoinGape .

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