After surviving for Ethereum, 1Inch is anchored in Binance Smart Chain - Kakiforex | Forex markets for the smart money. After surviving for Ethereum, 1Inch is anchored in Binance Smart Chain After surviving for Ethereum, 1Inch is anchored in Binance Smart Chain

February 26, 2021

After surviving for Ethereum, 1Inch is anchored in Binance Smart Chain

 1inch, the centralized financial protocol (DeFi) is now broadcast on Binance Smart Chain (BSC) as an alternative to the issue of price spikes on the Ethereum network.


1inch is a centralized exchange aggregator (DEX) launched in 2019, aimed at highlighting Ethereum-based token trading such as LINK, AAVE and UNI.


It is one of the largest aggregators with a trading volume reaching $ 450 over the past 24 hours.


The 1INCH token currently broadcast on BSC will be the link between Binance and the Ethereum network.



1inch users will have access to PancakeSwap, BurgerSwap, StreetSwap, Venus, StableSwap, JulSwap, BakerySwap and some DEX at Binance and other borrowing protocols.


Binance did not pay anything for the integration but will be involved with the preliminary round around August.


The shift also shows 1inch concerned with the actions of Ethereum miners who ‘destroyed’ the Ethereum network by not raising the block gas limit. In fact, BSC has 10 times more gas per minute which is quite attractive for DeFi users.


Initially, high fees have led to support for increasing gas rates among app developers. However, this is unlikely to happen in Ethereum as a major upgrade will leave the network vulnerable to denial-of-service (DoS) attacks.