1Sol is to the Solana blockchain what 1Inch is to Ethereum, a decentralized exchange aggregator that’s giving users access to scalability, liquidity, and lower transaction fees on a whole new level thanks to a hugely successful mainnet launch.
During a time when smart contract interactions on the Ethereum blockchain can cost investors anywhere from $200-$500 per transaction depending on the transaction volume going through the blockchain at any given time, Solana and 1Sol are positioned to facilitate transactions that cost as little as $0.00025!
Not only that, the Solana blockchain can handle as many as 65,000 transactions per second. By comparison, Ethereum is only built to handle about 15 transactions per second at the moment. With such amazing capabilities built into the Solana blockchain, is it any wonder that investors have seen a 50x return on the price of the Solana token in 2021 alone?
Couple that with the early success and popularity of 1Sol. It’s obvious something special is happening.
The Early Growth of 1Sol
By the time the crypto world reaches the second fiscal quarter of 2022, a broad range of crypto assets are going to be available for trading on the 1Sol platform. Those assets are going to span the different sectors of crypto including GameFi, CeFi, DeFi, NFTs, and debt assets.
The project is already off to a flying start to close 2021. At first, users could only trade four of the most valuable assets in the crypto world: Bitcoin, Ethereum, the U.S. Dollar Tether Token (USDT), and the U.S. Dollar Coin (USDC). Today, 1Sol’s mainnet is live and the project’s pool of DEXes (Saber, Serum, Raydium, and Orca) now allow for the trading of any coin living within the Sol ecosystem.
Why 1Sol May Quickly Become the Crypto World’s Leading DEX Aggregator
It’s not summertime any more, but 2021’s #HotDeFiSummer showed the world that keeping capital in a bank account and trusting the world of traditional finance to earn you a return is old hat. Those days are coming to an end faster than most in the traditional world are probably willing to admit.
Now that crypto enthusiasts borrow, lend, and trade out of their own free will and experience more of the financial benefits of successful investment decision-making, a platform like 1Sol (and all of its 200,000+ users) are going to benefit immensely.
Think about the fact that the DeFi world has seen 100x growth in record time with billions of dollars being locked into projects, and most of that activity happening on blockchains that can’t handle the level of scalability and low transaction fees that 1Sol can already offer. That says nothing of the fact that Solana plans to double its transaction speed every two years. Isn’t that incredible?
The Value of 1Sol is Obvious
Solana and 1Sol allow crypto users to do exactly what they’ve been doing for several years on the Ethereum blockchain at many times the speed and at a fraction of the cost. It’s just that simple. 1Sol can handle exponentially more smart contract transactions than competing platforms with almost negligible processing fees and near-instant confirmation of transactions that are going to make it possible for users to get into all kinds of advanced trading strategies they would normally have to execute using only a centralized exchange.
The outcome of all these advantages is obvious; more users flocking to Solana and 1Sol in search of keeping more of their trading profits in their crypto wallets, lowering the potential risks associated with executing complicated trades related to DeFi, CeFi, NFTs, and debt assets, and a dramatically improved user experience that speeds up transactions and makes them cheaper, meaning its possible to do more with less crypto capital.
1Sol Can Do Everything A DEX Aggregator Should
1Sol offers users intermediate swaps with higher liquidity, and better swap prices with a lower bid/ask spread than virtually any other DEX aggregator the crypto world is currently using, including popular platforms like 1inch. All of these capabilities point to a better overall experience for end-users.
1Sol could turn out to be one of the most innovative projects in the crypto world. The founders of the project are already proving they are willing to be on the cutting-edge of advancing the value and utility of DEX aggregators, and the community is taking notice. It’s time for the crypto world to experience trading in a way that no other project is offering at the moment. It’s time to take the whole industry to the next level. 1Sol just might be the next big thing.
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