1inch integrates ZKsync to improve Cross-Chain Interaction exchange speed and drop costs

PANews reported on February 6th that the Decentralization trading aggregator 1inch Network has integrated the ZKsync, an Ethereum Layer-2 scaling solution, aiming to provide a faster and lower-cost Cross-Chain Interaction transaction experience. ZKsync is built on zero-knowledge technology, with faster transaction speed and lower Gas fees compared to the Ethereum mainnet, while inheriting the security of the Ethereum network. 1inch stated that the integration, using its Fusion+ technology, had launched a Beta version in September last year, which has facilitated millions of dollars in trading volume. The system offers bridgeless, trustless Cross-Chain Interaction exchanges, with the ‘solver’ who stakes 1INCH tokens paying the network fees through a bidding mechanism, instead of users bearing gas fees. ZKsync is advancing its expansion plan, aiming to achieve 10,000 transactions per second and exploring the possibility of future zero-fee transactions. Recently, Swiss banking giant UBS is also testing ZKsync technology to optimize its gold-backed financial products.