1inch Network Adds Support for Klaytn
The 1inch Network platform has just announced via a press release the deployment of order routing and liquidity aggregation protocols on the Klaytn network.
Sergej Kunz, co-founder of 1inch Network, has said:
«The launch on Klaytn will offer users instant transaction speeds and more diversity in their choice of blockchains.»
South Korean Internet giant Kakao, which is behind the Klaytn project, launched its mainnet in 2019. The blockchain is based on a hybrid EVM-compatible technology based on the BFT consensus.
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According to the press release, Klaytn has a throughput of 4,000 transactions per second and takes no more than 1 second to finalize transactions.
The development team is implementing a dynamic gas rate mechanism and plans to increase scalability through second-tier solutions, among other things.