- 1inch has upgraded the platform to offer smarter, cheaper, and faster trades
- Dubbed Pathfinder,1inch claims the upgrade improves the exchange by up to 6.5%
- The DEX aggregator hopes to use the upgrade to encourage more frequent usage of the platform
DEX aggregator 1inch has disclosed that it has upgraded its price algorithm to allow for smarter, cheaper, and faster trades. Dubbed Pathfinder, the platform claims that the upgrade improves swap rates by 6.5%, adding that its meant to encourage more frequent usage [&] build trust, and make DeFi more accessible. The DEX aggregator revealed that the new price algorithm splits trades between multiple exchange s to leverage varying market depths, providing users and integrators with more value.
Pushing DeFi Trading Forward
According to 1inch, the new Pathfinder algorithm pushes DeFi trading forward, offers maximized returns, superior liquidity efficiency, unrivaled access, and gas efficiency. The DEX aggregator explained that the algorithm merges certain steps in the swap process to give users better rates.
Apart from saving on gas costs, Pathfinder also enhances visualizations within the aggregators dApp, allowing users to follow and understand how their transactions are being executed, including which tokens are involved.
The new algorithm comes barely a month after the platform launched on Solana to power the trading of Solana-based tokens. It also comes eight months after 1inch partnered with the Bruce Lee Family Company to push for DeFi adoption. At the time, it said that it wants to make DeFi an easy concept to digest.
Solving Cross-Chain Interoperability Issues
The new Pathfinder also comes a few months after the DEX aggregator released a whitepaper addressing cross-chain interoperability issues. According to the whitepaper, conventional atomic swaps can be used to move funds across networks without sacrificing decentralization.
1inchs upgrade also comes three months after crypto exchange OKX upgraded its DEX aggregator security to detect malicious actors and employ real-time abuse detection.
With 1inch upgrading its price discovery algorithm, its to be seen whether itll boost the platforms adoption.
