PANews reported on February 6th that the Decentralization trading aggregator 1inch Network has integrated the ZKsync, an Ethereum Layer-2 scaling solution, aiming to provide a faster and lower-cost Cross-Chain Interaction transaction experience. ZKsync is built on zero-knowledge technology, with faster transaction speed and lower Gas fees compared to the Ethereum mainnet, while inheriting the security of the Ethereum network.
1inch stated that the integration, using its Fusion+ technology, had launched a Beta version in September last year, which has facilitated millions of dollars in trading volume. The system offers bridgeless, trustless Cross-Chain Interaction exchanges, with the ‘solver’ who stakes 1INCH tokens paying the network fees through a bidding mechanism, instead of users bearing gas fees.
ZKsync is advancing its expansion plan, aiming to achieve 10,000 transactions per second and exploring the possibility of future zero-fee transactions. Recently, Swiss banking giant UBS is also testing ZKsync technology to optimize its gold-backed financial products.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
