The DEX aggregator is making a big bet on Ethereum scaling projects, with other networks under consideration.
The firm is taking a new approach to minimize transaction fees.
The move will provide 1inch users access to liquidity sources on Polygon, like SushiSwap and Aave.
1inch routes trading orders for tokens on Ethereum and Binance Smart Chain (BSC).
The DEX aggregator is branching out from Ethereum to the bustling BSC.
The token, named 1INCH and running on Ethereum, will be distributed to all wallets that have previously interacted with the platform.
Decentralized exchange (DEX) aggregator 1inch has closed a $12 million funding round led by Pantera Capital.
Launched by software engineers from Porsche and NEAR Protocol, the startup has raised $2.8 million in a funding round led by Binance Labs.