DeFi market has room for growth in Korea: 1inch co-founder — KBW 2022
1inch plans to expand into a largely untapped Asian market, but a lack of DeFi knowledge is preventing mass adoption Decentralized-finance (DeFi) aggregator 1inch Network has revealed plans to expand its reach in Asia.Speaking to Cointelegraph during Korean Blockchain Week (KBW) 2022 on Aug. 8, co-founder Sergej Kunz said that despite the DeFi market being relatively small in Korea and Asia, there are a number of Asia-based Web3 companies that 1inch is looking to partner with. However, Kunz also added that the biggest barrier to entry appears to be a lack of understanding about DeFi and....
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The 1inch Network has integrated its aggregation and limit order protocols to the burgeoning Klaytn blockchain mainnet. South Korea's most popular metaverse blockchain Klaytn is set to benefit from deeper liquidity and improved token swaps through a new partnership with decentralized finance (DeFi) protocol 1inch Network.Klaytn has enjoyed success in South Korea as the country continues to see prolific nonfungible token (NFT) and GameFi use. Klaytn is a product of tech behemoth Kakao, which commands a user base of some 52 million people that use its flagship KakaoTalk application and suite....
1inch Network expands to another cryptocurrency exchange as KuCoin Wallet integrates its automated market maker functionality to improve token swaps. Cryptocurrency exchange KuCoin will introduce native token swap functionality to its in-house wallet after integrating decentralized finance (DeFi) market maker 1inch’s application programming interface.1inch’s Pathfinder algorithm will increase the functionality of KuCoin Wallet, the exchange’s recently launched decentralized wallet platform, which features cross-chain trading, and DeFi and nonfungible token (NFT) support.The algorithm will....
1inch Wallet users can now purchase DeFi assets through Mercuryo’s fiat onramp gateway. Decentralized exchange aggregator 1inch Network has partnered with Mercuryo, a cross-border payment network, to provide its users with a more seamless gateway to DeFi — potentially opening up the market to greater adoption. “To date, some users have been discouraged from entering the DeFi space because most of the existing options for buying crypto are too complicated and inconvenient,” said Sergej Kunz, co-founder of the 1inch Network, adding:“The integration between 1inch and Mercuryo offers everyone....
The decentralized exchange aggregator said it hopes to offer users more options for low-costs, high-speed transactions. The 1inch Network announced on Wednesday its plans to deploy the 1inch Aggregation Protocol on Avalanche and the 1inch Limit Order Protocol on Gnosis Chain, formerly known as the xDai Chain. In a statement shared with Cointelegraph, the 1inch Network expressed its aim to further expand its capabilities within the decentralized finance, or DeFi, industry. 1/ In life, we often have to choose between two options both of which may seem important to us. But what if we could go....
A series of protocol upgrades and new liquidity integrations prove that 1INCH is aiming to increase its DeFi and DEX aggregator market share. As the decentralized finance (DeFi) ecosystem evolves and expands to encompass the whole of the cryptocurrency sector, the race to become the top decentralized exchange (DEX) aggregator is heating up as new entrants to the field seem to emerge on a weekly basis. One of the top DEX aggregators that has recently seen its price reach a new record high is 1Inch (1INCH), a protocol which offers “access to the most liquidity, lowest slippage and best....