BNB Chain: optimized gas costs, affordable swaps
In the third installment of our series on networks supported by 1inch, we’re talking about BNB Chain. By swapping on BNB Chain via 1inch, users can leverage this robust and efficient network, purpose-built to support dApps and drive DeFi innovation.
What is BNB Chain?
BNB Chain is a high-performance blockchain ecosystem powered by Binance, one of the world’s leading crypto exchanges. Originally launched as Binance Smart Chain (BSC) in September 2020, BNB Chain has evolved into a dual-chain architecture, supporting both decentralized applications and asset transfers. Its focus on scalability, low transaction fees, and interoperability has made it a preferred choice for a number of developers and users in the DeFi space.
Key features of BNB Chain include:
- fast and low-cost transactions, which is especially favorable for trading and DeFi activities
- EVM compatibility, enabling seamless integration with Ethereum-based projects
- a large and active user base, ensuring high liquidity and accessibility
- robust infrastructure for developing complex dApps and smart contracts.
By integrating with BNB Chain, 1inch offers its users a smooth and efficient way to access liquidity across numerous DEXes on the network. The BNB Chain integration provides:
- optimized gas costs, ensuring affordable swaps
- access to a wide range of liquidity pools and DEXs native to BNB Chain
- high-speed transaction processing, enabling near-instant swaps.
Why use 1inch on BNB Chain?
1inch integrated with BNB Chain back in 2021, when it was still called Binance Smart Chain (BSC), to enable 1inch users access to the network’s growing ecosystem. Currently, BNB Chain is home to numerous DeFi projects, NFT platforms and gaming apps, which makes it one of the most vibrant blockchain environments. Using 1inch on BNB Chain allows you to:
- maximize efficiency through 1inch, finding the best swap routes
- leverage BNB Chain’s scalability for a seamless trading experience
- explore the diverse dApp ecosystem that BNB Chain supports.
Stay tuned for more deep dives into chains supported by 1inch!
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