DeFi driving zkSync growth as 1inch deploys on Ethereum layer-2 scaling platform
1inch Network is the latest decentralized Finance protocol to deploy on Ethereum layer-2 scaling platform zkSync Era. Decentralized finance (DeFi) protocol 1inch has deployed its aggregation and limit order protocols on Ethereum layer-2 scaling solution zkSync Era to tap into faster and cheaper transactions. 1inch Network is the latest of a host of Ethereum-based platform s and services to deploy on the zero-knowledge proof (zk-proof) based scaling platform . Uniswap, SushiSwap, Maker and Curve Finance have also launched on the zk-proof roll-up zkSync Era. 1inch Network co-founder Sergej Kunz highlighted the promise of the layer-2 solution as his platform joins a handful of first-movers to integrate with the zk-proof powered protocol: “As zkSync Era gains steam, 1inch users will benefit from faster and cheaper transactions.” A statement from Matter Labs CEO Alex Gluchowski, who heads up the zkSync development firm, notes that DeFi protocols have been a major factor in the uptake o...