1inch launches native cross-chain swaps between Solana and EVM chains

Decentralized exchange aggregator 1inch has launched native cross-chain swaps between Solana and more than a dozen Ethereum Virtual Machine (EVM) networks.

The feature, available across the 1inch dApp, Wallet, and Fusion+ API, allows users to move assets between Solana and EVM chains with built-in protection against maximal extractable value (MEV).

The new feature does not rely on cross-chain bridges, the project said. It explained that through the rollout, Solana assets can be directly swapped against EVM tokens, eliminating frictions in moving funds between ecosystems.

Usually, users require bridges to move cryptocurrencies between blockchains. These platforms create a wrapped version of the asset on the recipient network. This wrapped token is pegged to the value of the original asset and allows the sender to deploy the crypto across destination ecosystems.

However, the underlying mechanics involved are often targeted and exploited by cybercriminals. Hackers drained over $111 million from the Heco Bridge in November 2023, and the Nomad Bridge service lost roughly $190 million in an August 2022 exploit.

1inch co-founder Sergej Kunz said in a statement that removing bridges and messaging protocols should deliver a “fundamentally safer and smoother cross-chain experience.”

The launch follows 1inch’s initial Solana integration earlier this year and is designed to address liquidity fragmentation between the ecosystems. By linking Solana to Ethereum, Polygon, Arbitrum, Optimism, and other EVM chains, 1inch aims to broaden access to Solana as a DeFi hub for users and liquidity providers.

For developers, the Fusion+ API will allow trustless Solana-EVM swaps to be integrated into new projects. Retail users can access the new feature via both mobile-focused and browser-based channels through the wallet and dApp. 1inch, which processes around $500 million in daily trading volume across its aggregation platform, says its broader roadmap includes expanding interoperability to other non-EVM chains.

According to The Block’s price page, the platform’s native token 1INCH changed hands for $0.25 on Tuesday, down 23% in the last 30 days.

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