1inch has been competing with ferocious competitors like Uniswap and Sushiswap which have cemented themselves into the foundations of decentralised finance. In every way, they have been neck and neck, from airdrops to interface. With this latest update 1inch certainly pulls ahead of the competition.
Version 3 of 1inch's aggregation protocol boasts undisputable gains in fee reduction due to the optimisation of its assembly code. This is by far the most important quality a DEX can offer a trader. 1inch has pulled way ahead of the rest as is evident in the below infographic:
1Inch now boasts the highest amount of liquidity available exclusively for their customers. This means that traders will most definitely never be left wanting when trying to trade tokens. As in the case of the fee reduction, this update surely helps users wallets since the higher the liquidity, the better the price both buyers and sellers will get.
The Aggregation Protocol v3 has been audited by Certik, a pioneering blockchain cybersecurity start-up, MixBytes, which provide blockchain development and smart contract audits, and Igor Gulamov, a leading blockchain researcher.
What are your thoughts on this v3 upgrade? Are you FOMOing in?