According to 1inch, this will make swaps with the 1inch Router v4 “on average 5.4% cheaper than the same swaps made directly on DEXes, such as Uniswap” – a much-needed improvement to the rising cost of gas fees on Ethereum.
1/ This is it. Our hero has finally reached the point of no return.
— 1inch Network (@1inch) November 10, 2021
The DEX also said that Request For Quote (RFQ) swaps – trades made using the ‘1inch Limit Order Protocol’ – with the 1inch Router v4 “will be 20.8% cheaper than the same swaps via other DEX aggregators”.
Additionally, the added support for DAI-standard permits means that users can make swaps without a separate transaction approval using the DaAI stablecoin.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.