PANews reported on February 6 that according to CoinDesk, the decentralized trading aggregator 1inch Network has integrated the Ethereum Layer-2 expansion solution ZKsync, aiming to provide a faster and lower-cost cross-chain trading experience. ZKsync is built on zero-knowledge technology, and has faster transaction speeds and lower gas fees than the Ethereum main network, while inheriting the security of Ethereum.
1inch said that this integration uses its Fusion+ technology, which was launched in Beta in September last year and has facilitated millions of dollars in trading volume. The system provides bridge-free, trustless cross-chain exchanges, and the network fees are paid by "resolvers" who pledge 1INCH tokens through a bidding mechanism, rather than users bearing gas fees.
ZKsync is advancing its expansion plan to achieve 10,000 transactions per second and explore the possibility of zero-fee transactions in the future. Recently, Swiss banking giant UBS has also been testing ZKsync technology to optimize its gold-backed financial products.
