1inch brings Swap to Solana

Users can now swap Solana-based tokens on 1inch as the protocol brings swap service to Solana, aiming to provide quick and cheap transactions for its users. Per 1inch, the service will soon be available on the 1inch wallet.

1inch cited Solana’s growth and model as key reasons for choosing the blockchain. In Q4 2024, Solana apps made $840 million, representing an increase of 213%, which was led by memecoins like Bonk and Slerf on platforms such as Pump Fun and Raydium.

By February 2025, Solana captured 57% of all blockchain revenue. Its DEXs saw $3.3 billion in daily trades, and stablecoin value hit $10 billion in January. Stablecoin volume rose to $5.1 billion, and $8.6 billion was locked in DeFi apps.

The network processed $11 billion in a day and 355 million transactions in a week. Upgrades such as Firedancer validators and a 4% block size increase have improved performance. Staked Solana also rose 33%, securing 11.2% of the total supply.

Over one million tokens on Solana are now available for secure, low-slippage swaps on 1inch. The platform provides protection from maximal extractable value (MEV) attacks and ensures users receive the best possible rates by leveraging all available market liquidity.

Additionally, 1inch has integrated its Fusion protocol with Solana. This protocol allows users to set their trade terms, which professional market makers can choose to fulfill. The trades follow a Dutch auction style, starting with a high rate that decreases over time until acceptance.

Developers can benefit from this update as well. Several 1inch APIs, including Swap API, Balance API, and Token API, now support Solana, simplifying the development of apps and services leveraging this new integration.

1inch also plans to let users swap tokens across Solana and ten other blockchains, using 1inch’s cross-chain tools. These upcoming features aim to connect Solana to the broader DeFi world.

1inch has been a notable player in the crypto market since before 2020. In 2019, Sergej Kunz and Anton Bukov created 1inch during a hackathon to tackle a crypto trading issue. Their tool became the first decentralized exchange (DEX) aggregator.

A year later, 1inch raised millions, launched the 1INCH token, and processed $50 billion in trades on Ethereum. It later expanded to other blockchains like Binance Smart Chain and Polygon, introduced a mobile wallet, and added features like limit orders.

In 2022, 1inch launched Fusion mode to reduce fees and prevent bot attacks. It continued to grow, adding support for more blockchains and reaching $500 billion in total volume by 2024. In October last year, 1inch partnered with the family of Bruce Lee to make Web3 and DeFi more accessible to mainstream audiences.

Now used by over a million people, 1inch supports 12 blockchains, runs on open-source code, and lets users earn rewards through its 1INCH token.