1inch indicated that its launch on the Optimistic Ethereum network will lead to faster confirmation times and lower fees.
Decentralized exchange aggregator 1inch has announced its deployment
on the Optimistic Ethereum, or OE, mainnet, highlighting a considerable
reduction in user transaction fees and confirmation delays.
Sergej
Kunz, co-founder of the 1inch Network stated “the 1inch launch on
Optimistic will facilitate a dramatic increase in transaction speed."
While
deposits utilizing the OE network are set to be credited almost
instantly, withdrawals will require a waiting period of 7 days. These
wait times are expected to improve in future when fast withdrawal
service is enabled.
At the time of launch, the OE network will
only be able to handle 0.6 transactions per second. However, the team
expects to progressively increase transaction speeds after testing and
optimizing the infrastructure. The update will be compatible with most
Ethereum wallets, including MetaMask and WalletConnect.
Optimistic
Ethereum is a layer 2 scalability solution developed by the Optimism
team. The Optimism team is a Public Benefit Corporation that researches
scalability solutions on the Ethereum network. The OE solution itself is
an EVM-compatible Optimistic Rollup chain.
1inch is not the only exchange to integrate Optimism’s layer-2 solution. On July 13, AMM Uniswap deployed the alpha version of its V3 exchange on the same Optimistic Ethereum mainnet.
sourcelink : https://cointelegraph.com/news/1inch-announces-deployment-to-optimism-s-layer-2-solution
