1inch Network Updates Cross-Chain Swaps to Feature ZKsync

Journalist

Tanzeel Akhtar

Journalist

Tanzeel Akhtar

About Author

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk, Bitcoin Magazine and Bitcoin.com.

Author Profile

Share

Copied

Last updated:

February 6, 2025 11:36 EST

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

1inch Network announced it has expanded its cross-chain swap capabilities to include ZKsync, a Layer 2 scaling solution for Ethereum.

In a press release shared with Cryptonews, 1inch said this latest update will offer users more flexibility and efficiency in their trading activities.

The inclusion of ZKsync into 1inch’s cross-chain swap functionality provides users with a streamlined method to trade assets across different networks.

1inch said that by using its decentralized application (dApp) or the 1inch Wallet, traders can now use ZKsync’s capabilities to optimize their cross-chain strategies.

Launched in beta in September 2024, 1inch’s cross-chain swaps have been seeing huge trading volumes, according to 1inch.

The platform’s Fusion+ technology allows for self-custodial, and gas-free cross-chain transactions, allowing users to maintain full ownership of their assets.

What is the Appeal of ZKsync for DeFi Users?

ZKsync has become a preferred network for many traders due to its numerous advantages.

Gas fees on ZKsync are typically much lower than those on Ethereum’s Layer 1, making frequent or smaller trades more cost-effective.

Transactions are processed swiftly, providing near-instant execution. Additionally, ZKsync’s ZK-Rollup technology collaborates with Ethereum’s security framework to ensure asset protection.

By aggregating multiple transactions into a single proof verified by Ethereum, ZKsync maintains data privacy while enhancing security.

This method reduces processing time and costs, offering a blend of speed and trust.

The Growth Behind ZKsync

Over time, ZKsync has evolved into a practical Layer 2 solution, gaining support from major DeFi platforms such as Uniswap and Aave.

Developers find it straightforward to migrate their Ethereum-compatible projects to ZKsync, further bolstering its ecosystem.

The 2025 roadmap for ZKsync is ambitious, intending to achieve up to 10,000 transactions per second and exploring technologies that could potentially eliminate fees altogether.

While these developments are underway, the current integration with 1inch already provides users with a faster and more cost-effective method for cross-chain swaps.