The 1inch Network Expands to Binance Smart Chain

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The 1inch Network has taken a significant step forward in its mission to enhance decentralized finance (DeFi) accessibility by expanding its ecosystem to Binance Smart Chain (BSC). This strategic integration enables seamless cross-chain functionality, bringing the full suite of 1inch’s powerful DeFi tools—including the Aggregation Protocol, Liquidity Protocol, and staking capabilities—to the rapidly growing BSC community.

Users will now enjoy the same robust features on BSC that they’ve come to rely on within the Ethereum network, with faster transaction speeds and lower fees. This move underscores 1inch’s commitment to interoperability and user-centric innovation in the evolving blockchain landscape.

Bridging Ethereum and Binance Smart Chain

At the core of this expansion is the deployment of the 1INCH token on Binance Smart Chain. This deployment facilitates a trustless bridge between Ethereum and BSC, allowing users to transfer 1INCH tokens across chains securely. When a user sends 1INCH from Ethereum to BSC, the original tokens are locked via the Binance Bridge, and an equivalent amount is unlocked on the BSC side—ensuring token integrity and consistency across networks.

This cross-chain functionality not only enhances user flexibility but also strengthens liquidity flow between two of the most active blockchain ecosystems. A total of 10 million 1INCH tokens have been allocated on BSC specifically to support liquidity within the Binance Bridge. Importantly, this does not increase the overall token supply, preserving the scarcity and economic model of the 1INCH token.

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Access to Leading BSC-Based DeFi Platforms

With this integration, 1inch users gain direct access to a wide range of popular decentralized exchanges (DEXes) and lending protocols on Binance Smart Chain. These include:

By integrating these protocols into its Aggregation Protocol, 1inch ensures users receive the best possible swap rates by routing trades through the most efficient liquidity sources. This multi-source aggregation minimizes slippage and maximizes returns—critical advantages in a competitive DeFi environment.

Full Feature Parity Across Chains

One of the standout aspects of this expansion is feature parity. BSC users will now have full access to:

This means that whether users are swapping tokens, providing liquidity, or staking for governance rights, they can do so with the same level of functionality and security they expect from the 1inch platform—now available on a high-performance chain like BSC.

Sergej Kunz, co-founder of 1inch Network, expressed confidence in the potential impact:

“We see a significant opportunity for 1inch Liquidity Protocol to become the biggest liquidity protocol on Binance Smart Chain, as it’s already the most efficient AMM protocol in the market.”

Liquidity Mining Incentives Launch Soon

To accelerate adoption and reward early participants, 1inch will launch a liquidity mining program for BSC users on February 26 at 00:01 UTC. The initial phase will focus on the BNB-1INCH liquidity pool, with 0.01% of the total 1INCH supply (equivalent to 1 million tokens) distributed as rewards over four weeks.

This incentive is designed to:

Future phases will introduce additional pools, further expanding earning opportunities. Users who actively participate in governance by voting will also be eligible for enhanced staking rewards—a move aimed at fostering long-term engagement and decentralized decision-making.

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Why Binance Smart Chain?

Binance Smart Chain has emerged as one of the most vibrant ecosystems in DeFi, known for its low transaction costs and high throughput. Since its launch in September 2020, BSC has attracted millions of users and thousands of projects, creating a fertile ground for innovation.

By integrating with BSC, 1inch taps into this active user base while offering a solution to Ethereum’s scalability challenges. High gas fees and network congestion on Ethereum have driven demand for alternatives, and BSC provides a compelling option without sacrificing decentralization or security.

Moreover, 1inch’s expansion aligns with broader industry trends toward multi-chain interoperability. As users increasingly operate across multiple blockchains, tools that simplify cross-chain interactions become essential.

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Frequently Asked Questions (FAQ)

Q: Can I use my existing 1INCH tokens on Binance Smart Chain?
A: Yes, you can bridge your Ethereum-based 1INCH tokens to BSC using the official Binance Bridge. Once transferred, they function identically to native BSC 1INCH tokens.

Q: Will the total supply of 1INCH increase with this expansion?
A: No. The 10 million 1INCH tokens issued on BSC are part of the original supply and do not represent new minting. The total cap remains unchanged.

Q: How do I start using 1inch on BSC?
A: Visit the official 1inch app and connect your wallet (e.g., MetaMask) configured for BSC. You can then swap, stake, or provide liquidity just like on Ethereum.

Q: Is the liquidity mining program available to all users?
A: Yes, any user who provides liquidity to eligible pools on BSC can earn rewards. The first pool is BNB-1INCH, with more to follow.

Q: Are transactions on 1inch cheaper on BSC than on Ethereum?
A: Yes. Due to lower gas fees on BSC, users typically pay significantly less for swaps and other operations compared to Ethereum.

Q: Does 1inch plan to expand to other blockchains?
A: While this article focuses on BSC, 1inch has expressed interest in supporting inter-chain scaling solutions broadly, suggesting future expansions are likely.

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Looking Ahead: A Multi-Chain Future

The integration with Binance Smart Chain marks more than just a technical upgrade—it represents a strategic shift toward a truly interoperable DeFi ecosystem. By supporting multiple chains, 1inch empowers users to choose the network that best fits their needs without sacrificing functionality or security.

As DeFi continues to evolve, cross-chain compatibility will become increasingly vital. With its efficient protocols, strong community governance, and forward-thinking roadmap, 1inch is positioning itself as a leader in this new era of decentralized finance.

Stay tuned for further updates as 1inch explores additional scaling solutions and expands its reach across the blockchain universe.