One of the busiest Ethereum aggregators, 1inch, is launching a Solana version. The aggregator will compete with other apps during a newly active Solana meme season. 

The 1inch DEX aggregator, one of the key Ethereum apps, will launch a Solana version. The launch arrives at a time of heightened Solana token activity, where the leading aggregators produce up to $2.5M in daily fees. 

The 1inch team announced that the new Solana version is already live and capable of interacting with all newly launched tokens. At the moment, 1inch will start as an aggregator, however the community has suggested building a launchpad, similar to Raydium or Pump.fun, which combine token launchpads and DEX liquidity.

The aggregator will accept Trust Wallet and Phantom through Wallet Connect, allowing all Solana traders to start swapping immediately. All traders will access the Fusion protocol, the main mechanism for fast decentralized swaps. 

The aggregator will accept the user’s parameters, then wait for transaction fulfillers to offer the best possible price, with the least slippage. The aggregator will also prevent MEV bot attacks, which front-run Solana trades.

Following the Solana launch news, the 1INCH token rallied from weekly lows of $0.17 up to $0.21. The token is still near a one-month high after bouncing from April’s lows of $0.15. 

1 million+ tokens. $7 billion liquidity. The best swap rates.

Unleash @solana with 1inch.

Now live for on-chain swaps.

Start now 🌅 https://t.co/wUGBanUDdz pic.twitter.com/xr2Qc3tQvh

— 1inch (@1inch) April 29, 2025

Ethereum’s slower pace hurts 1inch revenues

The shift to Solana follows a general slowdown for 1inch on Ethereum. Compared to the Jupiter DEX aggregator, 1inch only produces up to $300K on successful days, and as low as $1.3K during slow periods. 

The aggregator still serves close to 60K daily active wallets, with three swaps daily on average. The app burns around 24 ETH each day for its busiest router contracts, lining up among the top 20 gas burners. 

However, the router’s performance is only one part of the 1inch product package. Part of the slowdown is due to the shift to 1inch Swap, which continues to draw in significant quarterly volumes despite short-term activity fluctuations. 

The 1inch aggregator has already shown its experience with multi-chain presence, though limited to EVM-compatible chains. The network achieves up to $187M in volumes from its multi-chain activity, based on DeFi Llama data. In the past months, activity on the BNB Smart Chain also increased, showing 1inch was capable of tapping the hottest token trading networks. 

Solana DEX activity still hinges on Raydium, Orca, and Meteora, together making up over 80% of all trading volumes. Solana is also a leader in bot trading activity, with 86.6% of all bot-driven swaps. 

On Solana, 1inch will aim to stop MEV attacks, offering protected swaps for over 1M tokens that graduated to the DEX. After the initial launch, the aggregator will also offer cross-chain swaps at the best possible rate, offering access to liquidity from 13 chains already onboarded. 

Overall, Solana’s DeFi activity increased in Q1, driven by DEXs, a renewal of meme token launches, and lending. The chain still carries close to 4M daily active wallets, rising from a recent slump of 2.8M active wallets.

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More