1 inch launches new 'Pathfinder' algorithm to increase Swap trading rates

According to The Block, 1inch Labs has announced that it has reduced transaction latency by upgrading its price route discovery algorithm called Pathfinder. This tool can provide users and integrators with better Swap trading rates of up to 6.5%. The team stated that the new algorithm can quickly find efficient trading paths, making classic exchange operations more efficient and profitable. In addition, by integrating exchange steps and maximizing the utilization of centralized liquidity, the new algorithm also improves gas cost efficiency. It is reported that the development cycle of Pathfinder is about six months, and it will be launched on a chain that supports Ethereum virtual machines in 1 inch, and may be extended to the Solana chain in the future. The 1 inch protocol has already been deployed on this chain.