1inch Router v5: Slashing Gas Costs in the DeFi World

Welcome to the Future: 1inch Router v5

In the ever-evolving world of decentralized exchanges (DEX), 1inch is making waves with the release of its Router v5. Users can expect gas costs for swaps to drop by at least 10% compared to previous offerings. This substantial improvement makes swapping activity on the Ethereum network not just viable but downright profitable!

Gas Efficiency: A Key Improvement

What sets Router v5 apart? For starters, it packs a punch in terms of gas efficiency. The new router is about 5% more gas-efficient than its predecessor and a whopping 10% more efficient compared to the second-best competitor.

• Previous Version: Standard gas efficiency
• Router v5: 5% more gas-efficient
• Top Competitor: 10% less gas-efficient

A Look Under the Hood: Features of Router v5

Beyond just numbers, Router v5 boasts several new features aimed at improving user experience:

• New interaction logic for smoother swapping.
• Pre-/post-interactions to enhance transaction flows.
• Improved smart contract error handling to help users avoid those pesky transaction failures.

Security First: Audit and Trust

In an industry where security is paramount, 1inch has prioritized safety with this new release. The router has undergone audits by several reputable industry players, including Consensys, OpenZeppelin, and ABDK Consulting. It’s like having a security team that never sleeps – ensuring your swaps are as safe as they are efficient!

Voices from the Top: Sergej Kunz Speaks

Sergej Kunz, co-founder of 1inch Network, summed it up nicely: “It’s been almost a year since the 1inch Router v4 was released, and during that time we have accumulated enough improvements for the new fifth version. We have optimized gas costs even better, so now our users will save at least 8-14% more than using any other DeFi product.” This enthusiasm isn’t just marketing fluff; it reflects a dedicated team innovating in the DeFi space.

Beyond Ethereum: Expanding Horizons

This year has been a whirlwind for 1inch. They are not only deploying their aggregation and limit order protocols on Avalanche and Gnosis Chain but in August, they also integrated with South Korea’s Klaytn metaverse blockchain! Now that’s expansion worth cheering for, folks!

So gear up, DeFi enthusiasts! With Router v5, 1inch is not just offering a new tool – it’s transforming how we think about gas costs and user experience in the world of decentralized finance.