The 1-inch Network platform has announced the deployment of liquidity aggregation and order routing protocols to the Metaverse and GameFi-focused Klaytn network. This is stated in the press release.

“The launch on Klaytn will offer users instant transaction speeds and greater variety in their choice of blockchain.” – Said co-founder of 1inch Sergey Kunz.

Kakao, the South Korean internet giant behind the Klaytn project, launched its mainnet in 2019. Based on Blockchain EVM– Compatible hybrid technology based on BFT consensus.

According to the press release, Klaytn’s bandwidth is 4000 TPSand transactions take no more than 1 second to finalize.

The development team implements a dynamic gas fee mechanism and plans to increase scalability through second-tier solutions, improved token management tools and oracle functionality.

In recent years, Klaytn has become one of the most popular platforms in South Korea for apps, NFTs, metaverses, games and marketplaces.

According to DeFi Llama, the volume of locked assets in the network’s DeFi protocols is $416.8 million. According to this indicator, Klaytn ranks 14th in the ranking of dapps.

DEX 1Inch will initially support the following projects:

• 1 inch Limited Order Protocol V2;
• Coconut Exchange;
• ClaySwap;
• applause;
• ClaimSwap.

Recall that in March the 1 inch team launched the third version of the liquidity aggregator protocol.

In April, the project introduced the 1-inch Network ecosystem, which includes the 1-inch Aggregation Protocol and the 1-inch Liquidity Protocol. It is run by a decentralized autonomous organization that allows users to vote on key protocol parameters and participate in network management.

In June, developers introduced an updated 1-inch Network Governance voting system.

Learn more about liquidity aggregator with DEX 1Inch on education flashcards.

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