1inch plugs into KuCoin Wallet to improve token swaps

Published at: Aug. 11, 2022

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, DeFi and nonfungible token (NFT) support.

The algorithm will aggregate liquidity from over 250 sources from automated market makers (AMM) and proactive market makers (PMM) across the DeFi ecosystem. 1inch plugs into liquidity sources running on nine different blockchain networks, providing a wide range of tradable asset pairs.

Related: DeFi market has room for growth in Korea: 1inch co-founder — KBW 2022

The partnership will also afford KuCoin Wallet users access to 1inch’s Limit Order Protocol functionality. These orders are filled at a predetermined price once it is reached. This includes gasless limit orders for ETH, RFQ and other tokens that require permits rather than transaction approval.

KuCoin Wallet head Jeff Haul noted that 1inch has established itself as a leader in the DeFi aggregator space and its functionality should improve KuCoin Wallet’s offering to its users:

“Swap is a high-frequency feature of the wallet and 1inch is one of the most popular DEXes in the Web3 industry, so we’re working together through native integration to provide a smooth and cost-effective trading experience for our users.”

KuCoin rolled out its browser-based self-custodial wallet in June 2022 and hinted at imminent support of DeFi, NFT and GameFi support. The original NFT functionality was powered by KuCoin's proprietary NFT marketplace Windvane.

The exchange earmarked a $150 million pre-series B fundraising round in 2022 to bankroll the development of Web3, DeFi and NFT services and offerings within its ecosystem.

1inch continues to expand its footprint across the cryptocurrency ecosystem, sealing a pivotal partnership with South Korea’s burgeoning metaverse blockchain Klaytn in August 202.

Tags
Adoption
Blockchain
Defi
Decentralized Marketplace
Decentralized Exchange
Kucoin
Related Posts
Limit order protocols offer more flexibility and efficiency to DEX traders
As decentralized exchanges (DEXs) evolve, their functionalities become more and more advanced, often matching those of centralized exchanges (CEXs). One such functionality is the ability to place limit orders, which offers more flexibility and efficiency to DEX traders. This article looks at the existing limit order features and their prospective implementations. Unlike a market order, which is executed immediately at the last market price with potential slippage, a limit order is executed at a predefined price as soon as it is reached. Market orders are used by default in all automated market maker-based DEXs. They are simple and straightforward for …
Decentralization / Nov. 13, 2021
Neutrino, Vires Finance and Waves bag 100%+ gain after pivot toward interoperability
Ongoing developments on the global stage continue to cause havoc in traditional markets and in the cryptocurrency sector. Despite these headwinds, projects in the Waves ecosystem have managed to climb higher in both price and total value locked (TVL) as a renewed focus on interoperability with popular blockchain networks brought fresh momentum. Here’s a closer look at the top-performing assets in the Waves ecosystem that have managed to post positive gains despite negative macroeconomic factors that are pressuring cryptocurrencies. Neutrino Neutrino is an algorithmic price-stable "assetization protocol" that creates stablecoins tied to real-world assets and cryptocurrencies. Neutrino USD (USDN) is …
Blockchain / March 9, 2022
Celo foundation proposes to deploy Uniswap V3 on its native blockchain
A new community proposal was introduced in the Uniswap governance forum to deploy the protocol on the Celo blockchain, which is a mobile-first, carbon-negative and Ethereum Virtual Machine-compatible network. The new proposal was created on behalf of Blockchain at Michigan, and in partnership with the Celo Foundation and the Celo Climate Collective. Once passed, Uniswap will be accessible to nearly six billion mobile phone users. Currently, MetaMask mobile app enables using Uniswap or other decentralized exchanges via an in-app browser. The Celo foundation will commit $10 million of CELO in Uniswap-specific user incentives and grants along with $10 million in …
Adoption / March 11, 2022
Astar (ASTR) price doubles as the network prepares to add 15 new projects in April
Following the successful completion of its initial parachain auctions, the Polkadot (DOT) ecosystem has begun to gain traction with the cryptocurrency community as the first chains begin to come online and integrate with yh Ethereum (ETH). Astar (ASTR) is one such Polkadot-based project that finished off the month of March on a hot streak after the multi-chain smart contract platform attracted the attention of retail and institutional crypto investors. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.107 on March 22, the price of ASTR has climbed 104% to a daily high at $0.208 …
Adoption / April 1, 2022
Trader Joe takes its first step into the Ethereum ecosystem
Decentralized finance (DeFi) protocol Trader Joe has announced its very first expansion from Avalanche and onto the Ethereum ecosystem, as part of its plans to access new markets and drive up user activity. The decentralized trading platform announced its “multi-chain” expansion into Ethereum layer-2 scaling solution Arbitrum One on Dec. 1 and follows around a month after it stated its intention to expand to additional markets and ink new partnerships amid falling TVL and user activity in the third quarter. We're extremely excited to announce that @traderjoe_xyz has expanded into the Ethereum ecosystem with Arbitrum One as its destination! ‍ …
Adoption / Dec. 2, 2022