Decentralized Exchange aggregator 1Inch Network has expanded to the Optimistic Ethereum mainnet, making it the second decentralized finance app on Optimistic Ethereum after Uniswap.
Optimism is focused on scalability and the launch of 1Inch on the network is expected to help increase transaction speeds and lower gas fees for the platform’s users. While deposits from Ethereum to the Optimistic mainnet will be instant, withdrawals may take up to seven days until a fast withdrawal service is launched.
1Inch network co-founder Sergej Kunz said the move will “facilitate a dramatic increase in transaction speed.” The platform has over the last few months expanded to Polygon, another Ethereum layer-two network, and to the Binance Smart Chain.
A 1Inch spokesperson has revealed the protocol is looking at other blockchains including Solana, TRON, Avalanche, and other layer-two solutions.
Source: https://www.cryptocompare.com/email-updates/daily/2021/aug/18/
