Categories: Payment system news

Symbiosis Integrates 1inch to Enable Best Price Discovery for Cross-Chain Swaps

[PRESS RELEASE – Please Read Disclaimer]

The multi-chain liquidity protocol Symbiosis has integrated the 1inch DEX aggregator to facilitate arbitrary asset swaps between EVM-compatible networks.

The Symbiosis protocol manages stablecoin liquidity pools and routes the transaction through existing DEXes, so the partnership is essential to enable the best prices for the end-users as the 1inch router is working on both sides: on the source chain and destination chain sides.

The best price for the exchange of any tokens. 1inch is the best solution, especially on large amounts, one can see a significant difference. Super excited!

Will, Co-founder Symbiosis

Prior to this, the Symbiosis team has been using a self-developed routing protocol, and a transition to 1inch proves to be a great augmentation amid the first non-EVM Terra that the team is planning to launch in May: Near and Solana coming out shortly after.

Symbiosis launched beta-mainnet in March. Apart from diving into non-EVMs, the team behind protocol oversees great potential in different L2s with Boba being the first one integrated recently.

About Company

Symbiosis is a decentralized multi-chain liquidity protocol that enables users to perform any crypto token swaps across multiple blockchains with a single click. At present, the protocol supports 5 networks including Boba, BNB Chain (formerly BSC), Ethereum, Polygon, and Avalanche, with more networks to be expanded in the upcoming future. Their main goals are solving the twin problems of interoperability and providing a user-friendly experience.

superadmin

Recent Posts

Why Is XRP Bleeding More Than Bitcoin, Ether, and Solana in November Sell-Off? Analyst Cites 3 Brutal Reasons

While Bitcoin, Ethereum, and Solana have also come under bearish pressure during November’s broader crypto…

35 minutes ago

JuvrixAI Kicks Off $JUX Presale on NEAR Protocol to Bring Spending Limits to Autonomous AI Agents

The no-code platform gives every AI agent its own wallet and on-chain rules, so agents…

2 hours ago

Bitcoin Crash Coming? Analyst Revisits 2014, 2018, and 2022 Pattern Ahead Of Midterm Elections

Bitcoin (BTC) could face another significant correction as the November 3 U.S. midterm elections approach,…

4 hours ago

Crypto Founder Drops Bombshell on XRP’s Ripple Dependency, Challenges Holders to Act as Ambitious $10 Forecast Gains Steam

Flare co-founder Hugo Philion has pushed back against renewed XRP criticism, arguing that the cryptocurrency’s…

1 day ago

Pompliano Says Bitcoin Spot ETFs Are Safer and More Convenient Than Hardware Wallets for Bitcoiners Holding Over $10,000

Bitcoin expert Anthony Pompliano today tackled a crucial question that serious Bitcoin investors often ask.…

1 day ago

Bitcoin Slips Toward $74K as Fed Hike Odds Hit 96% After Waller

Bitcoin slips toward $74,000 after Fed Governor Christopher Waller backed a December rate hike. Market…

2 days ago