“Fantom is a well-known network that has recently shown impressive achievements. It is a good idea to implement 1inch protocols on this blockchain in order to increase efficiency, adaptability, and liquidity.” said project co-founder Sergey Kunz.
A consensus technique called Lachesis is used by Fantom because it provides rapid transfers and inexpensive on-net costs while guaranteeing finality. However, the blockchain remains open, decentralized, and accessible to everyone. Solidly, Curve, SushiSwap, Synapse, and other Fantom-based protocols are now available to 1inch users.
In terms of cash locked in smart contracts, DeFi Llama places Fantom fourth, with an indication $4.62 billion FTM-expressed value of $3.86 billion, down from the high of $4.67 billion in March. Remind that the 1inch Wallet Android app was launched in March 2022 by the liquidity aggregator from decentralized exchanges 1inch.