1inch – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Tue, 19 Aug 2025 14:48:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 1inch – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 1inch launches trustless Solana cross-chain swaps, bypassing bridges entirely https://earlybirdsinvest.com/1inch-launches-trustless-solana-cross-chain-swaps-bypassing-bridges-entirely/ https://earlybirdsinvest.com/1inch-launches-trustless-solana-cross-chain-swaps-bypassing-bridges-entirely/#respond Tue, 19 Aug 2025 14:48:00 +0000 https://earlybirdsinvest.com/1inch-launches-trustless-solana-cross-chain-swaps-bypassing-bridges-entirely/

Leading DEX aggregator 1inch has introduced a new DeFi feature: trustless cross-chain swaps between Solana and over 12 EVM networks, without relying on bridges or third-party messaging protocols.

Available across the 1inch dApp, wallet, and Fusion+ API, users can now move assets directly between Solana and all major EVM networks in a fully decentralized, secure, and seamless way with full MEV protection.

Bridgeless Solana cross-chain swaps

Until now, cross-chain interaction between Solana and EVM networks has typically required bridges or third-party messaging protocols such as Wormhole, Axelar, LayerZero, or Chainlink CCIP. While widely used, these systems have proven to be vulnerable, with bridge hacks one of the most damaging security risks in DeFi.

In February 2022, the Wormhole bridge, which connects Solana and Ethereum, was hacked, resulting in a loss of over $320 million. Attackers exploited a vulnerability in Wormhole’s signature verification process, enabling them to mint $120,000 worth of wrapped ETH on Solana without the required collateral on Ethereum. This drained funds from the protocol and exposed the risks inherent in traditional bridge-based cross-chain solutions.

1inch’s bridgeless Solana cross-chain swaps rewrite this model entirely. When the resolver accepts a price, an escrow is created on the source chain, securely locking the user’s funds. The resolver then creates a matching escrow on the destination chain, locking their own funds. 1inch co-founder Sergej Kunz told CryptoSlate:

“There is no bridge risk, because the funds remain in their respective chain-specific escrows, not in a shared pool, and no one can move them without the user’s secret. After a security check, the user shares this secret with the resolver to authorize withdrawal. If the secret is never shared, both escrows are canceled and funds are returned to their original owners.”

Under the hood: Fusion+ cross-chain

The technical foundation for this feature builds on 1inch Fusion+, the firm’s Dutch Auction settlement model. But as Kunz explained, getting it to work with Solana required rethinking the architecture:

“The biggest technical challenge was adapting our Fusion+ architecture, originally designed for EVM-to-EVM swaps, to work natively with Solana. Instead of relying on third-party messaging protocols or bridges, we combined 1inch’s Dutch Auction model with cryptographically linked, chain-specific escrow contracts and programs. This allows resolvers to settle cross-chain orders atomically and trustlessly, bypassing the traditional two-step bridge model and eliminating shared-pool risks.”

The process works as follows: A user signs a cross-chain swap order on the source chain. A resolver locks matching liquidity on the destination chain while the user’s funds are held in escrow on the source chain.

Only when a cryptographic secret is revealed can both escrows unlock atomically, ensuring no party can run off with funds. As Kunz explained, if the process fails, both escrows are cancelled and funds are returned.

Beyond eliminating bridge risk, Fusion+ cross-chain swaps help reduce fragmentation by allowing assets to stay in their native ecosystem while still being instantly swappable across chains. Kunz pointed out:

“Instead of splitting liquidity into bridge pools, resolvers use their own inventory to fulfill orders on the destination chain. This means Solana and EVM liquidity can serve each other without requiring re-wrapped tokens, creating more efficient markets and deeper effective liquidity across ecosystems.”

For Solana, this addresses one of its biggest historical hurdles: isolation from DeFi innovation and capital flows in EVM chains. Solana-native tokens can now be traded directly against Ethereum, Polygon, Arbitrum, and others, without intermediaries, bringing new users, capital, and dApps to Solana while making the network a hub for traders, builders, and liquidity providers.

What’s next for 1inch

While today’s release covers Solana<>EVM swaps, the team has further ambitions. Kunz told CryptoSlate:

“We’re open to integrating more non-EVM networks in the future. At our recent hackathon, teams demoed implementations for Bitcoin, Sui, Aptos, and others. That showed us the strong demand for a broader multichain future where every asset can talk to every other without bridge risk.”

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]]> https://earlybirdsinvest.com/1inch-launches-trustless-solana-cross-chain-swaps-bypassing-bridges-entirely/feed/ 0 54024 1inch launches on Solana as it processes fives times Ethereum’s transactions but similar volume https://earlybirdsinvest.com/1inch-launches-on-solana-as-it-processes-fives-times-ethereums-transactions-but-similar-volume/ https://earlybirdsinvest.com/1inch-launches-on-solana-as-it-processes-fives-times-ethereums-transactions-but-similar-volume/#respond Tue, 29 Apr 2025 09:23:26 +0000 https://earlybirdsinvest.com/1inch-launches-on-solana-as-it-processes-fives-times-ethereums-transactions-but-similar-volume/

1inch has launched support for Solana, enabling users to execute on-chain swaps through the 1inch dApp and connect with six APIs available on the 1inch Developer Portal.

Announced at TOKEN2049 Dubai, the integration marks the first major deployment of 1inch’s Fusion protocol on Solana, setting the groundwork for cross-chain swaps between Solana and the more than 10 blockchains already supported by the platform.

The integration arrives as Solana outperforms other blockchain networks in key metrics.

According to Dune Analytics, Solana recorded $395 billion in DEX trading volume over the past three months, compared to Ethereum’s $364 billion. Solana also processed 4.8 billion transactions compared to Ethereum’s 1 billion, reaching 224 million active addresses versus Ethereum’s 78 million.

The 1inch expansion leverages Solana’s short block times to optimize its Fusion protocol, which introduces intent-based trading where users define their desired parameters and market makers, or “resolvers,” compete to execute trades through a Dutch auction mechanism.

The system allows exchange rates to start at a higher value and gradually decrease until a resolver accepts the trade, minimizing slippage and maximizing liquidity aggregation. 1inch asserts that its open-source smart contract code on Solana will offer greater transparency compared to other projects on the network.

Cross-chain swap functionality between Solana and other supported chains is scheduled to go live in the coming months, a development 1inch describes as a step toward dissolving the isolation of individual blockchains and building a unified multichain DeFi ecosystem.

Per 1inch’s announcement, more than 1 million Solana-issued tokens are now available on the platform, benefiting from MEV-protected swaps, aggregation across all liquidity sources, and the most audited smart contracts available in the ecosystem.

1inch success and competition

1inch’s decision to expand onto Solana follows a series of milestones for the platform, which remains one of the largest multichain decentralized exchange aggregators, routing trades across more than 300 liquidity sources spanning 15 layer-1 and layer-2 networks.

The platform has also faced competition from rivals such as CoW Swap, which captured 26% of aggregator market share in January compared to 1inch’s 30%, signaling a more competitive aggregator landscape.

The integration further extends 1inch’s portfolio, which includes a self-custodial wallet, a crypto debit card offering up to 2% cashback, and a hardware wallet expected to ship later this year.

The hope is that as Solana’s DeFi ecosystem grows and 1inch’s multichain roadmap progresses, the move strengthens 1inch’s positioning in a market where efficiency, security, and deep liquidity are critical factors for platform adoption.

1inch co-founder Sergej Kunz emphasized the broader vision, stating that uniting disparate blockchains was the founding mission behind 1inch.

“We started 1inch to unite disparate chains and solve one of DeFi’s biggest barriers to adoption. Our integration with Solana moves us closer to that goal.”

He added that while others may offer partial solutions, 1inch seeks to launch optimized, secure, high-volume products that advance DeFi’s accessibility and efficiency.

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]]> https://earlybirdsinvest.com/1inch-launches-on-solana-as-it-processes-fives-times-ethereums-transactions-but-similar-volume/feed/ 0 33413 1inch Loses $5 Million in Crypto Theft—User Funds Remain Safe https://earlybirdsinvest.com/1inch-loses-5-million-in-crypto-theft-user-funds-remain-safe/ https://earlybirdsinvest.com/1inch-loses-5-million-in-crypto-theft-user-funds-remain-safe/#respond Sat, 08 Mar 2025 00:19:53 +0000 https://earlybirdsinvest.com/1inch-loses-5-million-in-crypto-theft-user-funds-remain-safe/

A security flaw in a smart contract allowed an attacker to steal $5 million from decentralized exchange (DEX) aggregator 1inch
1INCH


$0.2263

.

The breach targeted resolvers—entities responsible for executing trades. 1inch detected the vulnerability on March 5, identifying that the issue stemmed from the old Fusion v1 implementation. The platform publicly disclosed the problem in a March 6 post on X.

By March 7, SlowMist, a blockchain security firm, confirmed in a post on X, “According to our analysis, this incident resulted in a loss of 2.4 million USD Coin
USDC


$0.9991

and 1276 Wrapped Ethereum
WETH


$2,132.76

, totaling over $5 million”.

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While the stolen funds belonged to resolvers running outdated contracts, 1inch assured that individual users’ assets remained untouched. “No end-user funds were at risk—only resolvers using Fusion v1 in their own contracts”, the platform stated.

In response to the incident, the platform urged all resolvers to review and update their contracts:

We’re actively working with affected resolvers to secure their systems. We urge all resolvers to audit and update their contracts immediately.

To prevent similar exploits, 1inch introduced bug bounty programs to identify security gaps and explore ways to recover the stolen assets.

On February 12, zkLend, a decentralized lending protocol on Starknet, lost $4.9 million in a security breach. How did hackers pull it off? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
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Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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