Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Decentralized Exchanges (DEX) => Topic started by: Zed0X on February 26, 2021, 05:40:44 AM
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After seeing the huge community interest on BSC, 1inch has decided to take a piece of the pie by allowing their users experience trading/swapping/providing LP at a much lesser fee. Another reason is they probably saw a huge decline in their trading volume and they needed to adapt. Otherwise, they will be gone ;D
I appreciate the move because this will make better competition for Pancakeswap. This could mean better features and better APYs
(source (https://1inch-exchange.medium.com/1inch-network-expands-to-binance-smart-chain-1a718a154034))
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Many DEX exchange are now shifting to BSC chain from ETH chain. The reason is that Ethereum transaction fees is very high. It can takes upto 30,40$ per transaction. And BSC chain has very fees. That's why many DEX exchange are now shifting to BSC chain. And 1inch is also one of them exchanges.