1inch announces a major upgrade: Swap and limit orders are now up to 16% cheaper.
At 1inch, we are constantly working on improving our technology to make our products more efficient and user-friendly.
Not resting on our laurels, we are excited to announce improvements to our 1 Inch Swap and Limit Order features. As a result of these upgrades, 1inch users and integrators can enjoy more efficient swaps and limit orders than ever before and save up to 16% on trading costs!
“At 1inch, we believe in constantly expanding the boundaries of the DeFi world. Our latest upgrades demonstrate our true commitment to innovation, efficiency and user empowerment. Rather than just optimizing trades, we are pioneering a future where every swap and order is a step towards a more accessible and user-friendly DeFi ecosystem.” Called Sergey KunzCo-founder of 1inch. “We have the most optimized swap router and limit orders on the market.” He adds: “Our performance is at least 10% better than our closest competitors.”
Now let’s look at the specifics of the major improvements.
Optimized swap router
1-inch swap routers have long been known for their incredible optimization and are rated as the most optimized routers on the market. In the new version, we have taken this even further and have been able to reduce gas usage by up to 16% on the most common paths, especially using Uniswap v2/v3 and the Curve protocol.
Unified ordering structure
The upgraded 1-inch limit order protocol is a completely redesigned version that merges traditional limit orders and high-performance RFQ orders into one protocol. This new architecture is not only lightweight but also highly scalable for 1-inch Fusion and RFQ. Upgraded limit orders are now 14% more gas efficient and RFQ-like orders are 3% more gas efficient. To learn more about the technology and features of the 1-inch limit order protocol, check out the source code or documentation on GitHub.
Full Permission 2 Support
The updated protocol fully supports allowed2 functionality. This feature allows users to engage in transactions without token approval if they have previously traded the same token in another DeFi project. In addition to streamlining the transaction process by eliminating redundant approval steps, this feature increases security by reducing the number of approvals users must grant, limiting potential attack vectors.
That’s not all. We will be releasing an upgrade to the 1-inch Fusion soon. Don’t pass up this amazing improvement! Whether you want to execute swaps or limit orders in the most efficient way, or integrate the most optimized solutions on the market, 1inch can help.
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