1inch Dominates DEX Aggregator Market with Strategic Solana Entry

The recent success of 1inch as a leading DEX aggregator is attributed to its strategic entry into the Solana ecosystem during a pivotal moment when the network surged, especially amidst the meme coin craze. Over the past two months, 1inch has captured 60% of the market share in DEX aggregators. Notably, in May, 1inch processed double the volume at $31.5 billion. The timing was impeccable: by late April, Solana had already dominated the market with 86% of new tokens. This shift diminished competitors such as CoW, Kyber, Paraswap, and Curve, allowing 1inch to take the lead. Furthermore, multi-chain compatibility has become a necessity, emphasizing the importance of quickly integrating with key ecosystems as it is no longer optional.