1inch Network Cryptocurrency. 1INCH coin growth chart on the exchange, chart

Key Takeaways:

1inch’s “Fusion+” enables cross-chain asset swaps while maintaining user control, using atomic swap technology.
Fusion+ integrates on-chain/off-chain liquidity to protect against MEV attacks and avoid third-party intermediaries.
Dutch auction mechanism allows traders to compete for best rates, with escrow contracts ensuring secure transactions.

Decentralized exchange (DEX) 1inch has launched a new feature, “Fusion+,” enabling users to swap digital assets across different blockchains while maintaining full control of their funds.

Fusion+ integrates on-chain and off-chain liquidity, providing protection against maximal extractable value (MEV) attacks, a common DeFi vulnerability.

The future of cross-chain swaps is here, and it’s called Fusion➕

Powered by intent-based atomic swaps, it’s a complete reinvention of how cross-chain should be 🔀

Gasless, secure, fully self-custodial, with a seamless UX ✨

Ready to experience perfection? Dive deeper 🧵⬇️ pic.twitter.com/IuD2b3T8Sd
— 1inch (@1inch) September 18, 2024

The feature uses atomic swap technology to ensure all-or-nothing transactions, automatically returning assets if a swap fails.

Smart contracts manage cross-chain swaps, eliminating the need for third-party intermediaries and bypassing the vulnerabilities associated with traditional DeFi bridges.

Using a Dutch auction mechanism, professional traders (“resolvers”) compete to execute swaps at the best rate./

Funds are held in escrow contracts across both chains and released upon transaction completion, with a timelock feature returning funds if the swap is not completed in time.

This innovation supports growing interest in cross-chain interoperability, aligning with broader developments like Ethereum’s layer-2 plans.