1inch Network has announced plans to launch Avalanche 1inch Aggregation Protocol and 1inch Limit Order Protocol on the Gnosis chain.
1inch Network announced on Wednesday its plans to launch Avalanche 1inch Aggregation Protocol and 1inch Limit Order Protocol on Gnosis Chain, formerly xDai Chain. In a shared statement with Coinbynews, 1Inch said it aims to further increase its capacity in the decentralized finance (DeFi) space.
"The main goal of 1inch is to provide users with best practices in the blockchain space," explained 1inch Network co-founder Sergej Kunz, adding that the growth of Avalanche and Gnosis Chain "will provide users with 1inch more options- for cheap and fast transactions. "
The fast-growing Avalanche (AVAX) cross-chain network has a total locked-down value of $ 10.4 billion, according to data from DeFi Llama. However, the AVAX token was vulnerable this week due to the Multichain cyberattack.
According to the release, many protocols such as 1 inch Limit Order Protocol, Aave, Baguette, Canary Exchange, Pangolin, SushiSwap, and Trader Joe's will be available immediately via Avalanche 1inch.
According to DeFi Llama, Gnosis Chain (GNO) has a total frozen value of $ 22 million at the time the translation is published. The 1 Inch Limit Order Protocol, Elk Finance, Honeyswap, Levinswap, and SushiSwap are also instantly accessible on Gnosis Chain, where the largest DEX is Curve v1.