Those who haven’t heard about the sudden rise in popularity of the Solana blockchain must’ve been living under a rock for most of 2021.
At the present moment, the Solana blockchain can handle as many as 65,000 transactions per second. Contrast that with the second most valuable cryptocurrency in the world, Ethereum, which can handle only 15 transactions per second.
Investors are clearly taking notice of Solana’s potential. That’s exactly why the value of the Solana token has increased 50x over the past year.
Now that the project has gained credibility, the Solana ecosystem needs to replicate and advance the future of smart contract interactions, decentralized exchanges, GameFi, DeFi, and NFTs.
1Sol is a project that’s going to help blaze that trail. It’s going to be to the Solana blockchain what 1inch is to Ethereum, a decentralized trading aggregator that takes both scalability and dramatically reduced smart contract fees to a level that the blockchain and crypto world hasn’t seen yet.
1Sol is the DEX Aggregator Crypto Deserves
The DeFi world is growing faster than almost any of us could have imagined. Even the most enthusiastic crypto user didn’t envision 100x growth but now it’s here.
With such insane growth taking place over such a short period of time, fast-acting and effective solutions to blockchain’s biggest problems are not only necessary, they also represent very lucrative opportunities for projects that stay on the cutting-edge.
1Sol is one of those projects. The founders just finished putting together a robust investment proposal that is sure to pique the interest of investors and now it’s time to expose the platform to the world.
Plenty of Advantages to Using 1Sol
1Sol’s mainnet is now live and over 200,000 people are part of the community. The first milestone the project achieved allowed users to trade the most utilized cryptocurrencies: Bitcoin, Ethereum, the U.S. Dollar Tether token (USDT), and the U.S. Dollar Coin (USDC). Fast-forward to the present day. 1Sol now supports all of the trading pairs in the Solana ecosystem that can be traded. This is thanks in large part to the fact that 1Sol is made up of a pool of four DEXes, including Raydium, Saber, Serum, and Orca.
Users won’t have to wait too long for a wider range of cryptocurrencies to be offered by the platform. By the second fiscal quarter of 2022, the range of crypto assets offered by 1Sol is going to be much broader than the four base currencies listed above.
1Sol is aiming to be the most comprehensive trading platform in DeFi and so far, the project is off to an amazing start. As time goes on, the list of tradable assets on the platform going to grow exponentially It’s going to span every sector of the crypto market, including GameFi, DeFi, CeFi, NFTs and debt assets.
The whole point is that anything users can do on the Ethereum blockchain using Ethereum-based DEX aggregators they should be able to do using 1Sol at multiple times Ethereum’s speed and at a fraction of the cost.
What 1Sol is Going to Do for Investors
Like any other DEX aggregator, 1Sol is going to allow users to trade without having to go through Know Your Client verification. They also won’t need to leave their crypto assets on a centralized exchange that can be hacked. Nor will they have to deal with a centralized company that can decide not to do business in a user’s home country at the drop of a hat, forcing them to move their crypto assets elsewhere.
Not only that. The fact that 1Sol lives on the Solana blockchain mean gas fees are as low as $0.00025. That’s right! We’re talking literal fractions of a penny here. 1Sol can handle exponentially more smart contract transactions than competing platforms with very low processing fees and nearly instantaneous confirmation of transactions.
This means that investors can keep more of their trading profits, lower their risk, and experience all the benefits that come with faster execution times.
1Sol is going to use data flows from other exchanges, intermediate swaps with higher liquidity, and a better swap price with a lower bid/ask spread than virtually every other DEX aggregator currently on the market today can offer to users.
With so many obvious benefits and advantages to the project, it’s only a matter of time before 1Sol becomes one of the premier DEX aggregators in the world of cryptocurrencies.
Here’s to the future of scalability and lower transaction fees. Other DEX aggregators like 1inch promise it, but 1Sol is set to deliver results the industry has never seen before.