1inch Network (1INCH) has been extended to the EVM compatible Layer 1 blockchain protocol Phantom (FTM).
1inch Network stated in its press release that the 1inch Aggregation Protocol and 1inch Limit Order Protocol have been extended to the Phantom network.
With this move, users will have access to deeper liquidity and more alternatives for efficient cheap swaps.
1inch Expands to Phantom Network
Countless protocols will make a similar transition as 1inch expands to EVM-compatible and scalable Layer 1 blockchain protocol Fantom. Solidly, SpookySwap, Geist Finance, SCREAM, Curve, Beethoven X (Beets), SpiritSwap, Synapse, SushiSwap, PaintSwap, Morpheus Swap, Elk Finance, ProtoFi VE Saddle are among the most important protocols to switch. Sergej Kunz, co-founder of 1inch Network, said:
“Phantom is a popular network and has had a remarkable performance recently. Deploying 1inch protocols on the Fantom blockchain will offer users greater efficiency, flexibility and access to deep liquidity”
Launched with an ICO in 2018, Fantom has long been known as a low profile blockchain. But then Phantom, which focused on DeFi, gained a huge reputation and its TVL has been booming since September 2021.
TVL, which reached $15.22 billion in early 2022, later declined and is now just over $7 billion.
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