DEX Aggregator 1inch Network Expands to Layer 2 Scaling Solution for ETH Polygon

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Decentralized exchange (DEX) aggregator 1inch Network has just expanded to Polygon.

As a result, the users of the aggregator will be able to access a wide range of liquidity sources based on the 2 scaling solution for ETH, the second largest crypto in the market. We should take into account that some of the sources include QuickSwap, SushiSwap, Curve, Cometh and Aave V2, and new sources will be added to the list in the future.

What are layer 2 scaling solutions?

They were originally developed to allow cheaper and faster transactions through the use of parallel networks together with the ETH blockchain.

Polygon, which claims to be able to handle about 7,000 transactions per second, wants to help Ethereum in the fierce competition of prof-of-stake-based blockchains as it moves to this consensus algorithm.

According to Polygon, the move is the result of user demand. In particular, inch Network co-founder Sergej Kunz said:

“After the 1inch Network’s expansion to Binance Smart Chain, there was a massive request from the community to make Polygon also available for swapping via 1inch. Currently, the 1inch Aggregation Protocol is already deployed on Polygon, while the 1inch Liquidity Protocol and the 1inch Governance Protocol are expected to expand over to Polygon in the upcoming few weeks.”