1inch Network, a major decentralized exchange (DEX) aggregator and automated market maker, is broadening its reach by partnering with the veteran crypto wallet provider BitPay.
The two companies announced today that 1inch’s DEX aggregation functionality will from now on be available for all users of the BitPay wallet — an app that allows individuals to manage, convert and spend 12 different cryptocurrencies through integrations with Mastercard, Apple Pay, Google Pay and ATMs.
1inch Network partnership enables BitPay wallet users to use the DEX aggregator directly. 1inch Network announced wider integrations with different DeFi protocols and DEXs this year to strengthen its liquidity pools for its users.
The network uses an algorithm called Pathfinder to search over 60 different liquidity sources on Ethereum, over 30 on Binance Smart Chain and over 20 on Polygon and Optimistic Ethereum. Over the past two years, the DEX aggregator has exceeded $65 billion in total volume on the Ethereum network, according to today’s announcement. In the winter of