1inch & ZKsync: A Match Made in Crypto Heaven?

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In the ever-evolving world of DeFi, the pursuit of speed and cost-effectiveness is a constant battle. As blockchain adoption soars, users yearn for seamless and affordable ways to trade their digital assets across various networks.

Enter 1inch Network, a DEX aggregator, and ZKsync, a layer-2 scaling solution, who have joined forces to answer this call. Their recent collaboration aims to bring faster and cheaper transactions to the table when transferring cryptocurrencies, NFTs, and other digital collectibles across different chains.

A Partnership Born Out of Necessity

ZKsync has been part of the 1inch network, offering users the chance to buy and sell cryptocurrencies at a fraction of the cost compared to Ethereum‘s main network. This is all thanks to zero-knowledge rollups (ZK-Rollups), a technology that bundles multiple transactions into a single cryptographic proof, verified by Ethereum, instead of processing each transaction individually.

1inch’s integration of ZKsync into its cross-chain swap was a natural progression, given their existing relationship. The DEX aggregator praised ZKsync for its efficiency, security, and growing adoption within the Web3 space.

Users can now enjoy faster and cheaper transactions via the platform’s decentralized application, the 1inch dApp or 1inch Wallet.

📢 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👇

— 1inch (@1inch) February 6, 2025

1inch’s cross-chain swap, released in beta last year, has already facilitated millions of dollars in trading volume. The tool is powered by the DEX’s “Fusion+” technology, enabling seamless, self-custodial, and gas-free cross-chain transactions.

ZKsync’s Quest for a Gas-Free Future

Sergej Kunz, 1inch’s co-founder, expressed optimism that the integration with ZKsync would drive further adoption and increase trading volumes.

“With bridgeless, trust-minimized cross-chain swaps now available on ZKsync Era, 1inch expects a notable uptick in trading volumes and user adoption,” Kunz said.

Unlike traditional bridging solutions, where users typically pay network fees, 1inch’s system shifts the cost to “resolvers”—entities that stake 1INCH tokens in order to compete for offering the best swap rates. This approach enhances liquidity and ensures more competitive pricing for users.

Despite its strong reputation for reducing costs and increasing transaction speed, ZKsync continues to refine its technology. According to its 2025 roadmap, the platform is working on a solution to eliminate gas fees entirely, further streamlining blockchain transactions.

ZKsync is building Web3 without compromise.

The 2025 technical roadmap for the elastic network is now live — let’s get into it 🧵👇

— ZKsync (∎, ∆) (@zksync) December 12, 2024

The protocol is also approaching a significant milestone, with its network gearing up to process up to 10,000 transactions per second, a major leap forward in scalability and efficiency within the DeFi space.

So, is this a match made in crypto heaven? Only time will tell.

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2025-02-06 20:13