I saw this tweet today.
https://twitter.com/1inchExchange/status/1371866866579300359?s=20
It sounds like 1inch ETH gas issue and their brand new protocl v3 will solve the expensive gas fees.
If you are interested in details here π
Introducing the 1inch Aggregation Protocol v3
But bascially they upgraded their protocol and if you use 1inch to token swap, it will be 10% cheaper than Uniswap.
Really?
Lets swap some tokens.
I am goint to swap 0.1 ETH -> DAI on 1inch V3
For 0.1 ETH, I can get 178.067 DAI (estimate) on new 1inch.
Ok fine, but what about the gas fee?
Gas fee is 0.032 ETH ($58) for this swap π
Ok fine.
Let me check Uniswap.
I am goint to swap 0.1 ETH -> DAI on uniswap
For 0.1 ETH, I can get 178.077 DAI (estimate) on Uniswap.
Slightly better estimate than 1inch.
Ok, fine, but the gas...?
Gas fee is 0.029 ETH ($39) for this swap π
Oh sh**t
Not only Uniswap gives better rates, their gas is cheaper... π©π©π©
I am not exactly sure why 1inch is better or their v3 aggregasion saves gas or whatever... it doesn't save nothing in reality?
BUT! I didn't activate CHI token for this swap so maybe it gets cheaper once CHI is activated?
I am not sure... I didn't actually do it this time, and CHI token activation costs about $25 so paying gas fee plus activation fee would be cheaper than Uniswap? i am not sure...
Maybe I will try this next time I swap token.
Easy Simple Crypto Exchange π
thakn u for informations
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Maybe is better to wait for a real layer 2 solution.
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Lol last week i tried buying some amount of 1inch gas fee was very high i had to buy another coin..
Thanks for the update.
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I think gas won't come down until ETH2.0... but they are trying at least to save gas fees
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In my humble opinion, 1inch has a lot of potentials...
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I think 1inch is doing great and i like them too :)
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Etherium gas fee is really a great turn off for me and this is why I don't really transact on eth blockchain due to the high gas fee. Let's just hope 1inch will solve this problem.
Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead πβ₯οΈπβ€οΈ
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I dont use ETH much these days for the same reason but people are still trying to save money for gas
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I can no longer follow all the exchanges there are, there are so many. Those built on Etherrum are not doing well, fee are very high
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Yeah there too many on ETH, a lot more is popping out on BSC and other blockchain... hard to keep up π’
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