Decentralized exchange aggregator 1inch has rolled out an update to its price route discovery algorithm, promising up to 6.5% improved swap rates. Announced on June 10, the 'Pathfinder' upgrade aims to enhance swap rates and gas efficiency, facilitating faster and more seamless trades. The update also includes improved visualizations for token and transaction execution, enhancing user experience.
Co-founder Sergej Kunz highlighted the update's focus on maximizing value and reducing gas costs for users. This development follows 1inch's recent expansion to the Solana blockchain and plans for crosschain functionality. Additionally, the platform has demonstrated resilience by recovering most of the $5 million lost in a recent exploit, underscoring its commitment to DeFi growth.
1inch Boosts Swap Rates by 6.5% with Pathfinder Algorithm Update
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