1inch to fix cross-chain swaps with the full release of Fusion+

Cross-chain interoperability has always been the weak link for the DeFi ecosystem due to the cumbersome and risky nature of such transactions. Since blockchains do not directly interact with each other, moving assets from one network to another traditionally involves cross-chain bridges, which expose users to heightened security risks. Decentralized options, while more secure, often lack user-friendliness, discouraging broader adoption.DeFi protocol 1inch brings an innovative approach with the full release of Fusion+ to eliminate the cross-chain bridges altogether, bringing simplicity and security to cross-chain swaps. Fusion+, now available in the 1inch decentralized application (dApp) and 1inch Wallet, integrates liquidity from across the Web3 ecosystem.The solution ensures secure, operator-free swaps between multiple blockchains using atomic swap technology, cryptographic protections, and a novel Dutch auction mechanism for optimal rates. NewsletterSubscribe to Blockworks DailyIntegrating liquidity from across the Web3 ecosystem, Fusion+ has the potential to establish a new standard for blockchain interoperability. Since its beta launch in September, Fusion+ has already processed millions of dollars in trading volume, demonstrating its efficiency and transformative potential.This system, designed by 1inch, offers a number of standout features:Fusion+ builds on 1inch’s intent-based framework and atomic swap technology introduced in late 2022. The process involves three steps:Fusion+ arrives at a critical juncture for DeFi, where growth has been virtually halted by inefficiencies and security vulnerabilities. By eliminating reliance on bridges, the technology reduces risks associated with hacks and exploits, which have plagued the sector in recent years. Additionally, the streamlined user experience promises to attract a broader audience to DeFi, from retail investors to institutional participants.Users can immediately access Fusion+ through the 1inch dApp and Wallet without any additional setup. You only need to select the tokens and networks you wish to swap, confirm the transaction, and keep the swap tab open until it’s completed.More information can be found on 1inch.io.This content is sponsored and does not serve as an endorsement by Blockworks. The veracity of this content has not been verified and should not serve as financial advice. We encourage readers to conduct their own research before making financial decisions. Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.