1inch Network – a high-profile (DEX) aggregator and automated market maker – is reportedly furthering its presence via a freshly formed alliance with seasoned crypto wallet provider BitPay. 

Specifically, both firms have reportedly disclosed details of 1inch’s DEX aggregation functionality to be rolled out to every individual using the BitPay wallet — an app that supports the management, conversion, and spending of 12 different crypto coins via integrations with ATMs, Apple Pay, Google Pay, and Mastercard. 

The freshly established 1inch Network collaboration will reportedly also make it possible for BitPay wallet users to tap into the DEX aggregator in a direct manner. 

1inch Network reportedly revealed specifics of broader integrations with a variety of DeFi) protocols and DEXs in 2021, in an attempt to reinforce its liquidity pools for its users. 

The network reportedly employs an algorithm dubbed Pathfinder to look for more than 60 different liquidity sources across Ethereum, more than 30 on Binance Smart Chain, and over 20 on Polygon and Optimistic Ethereum. 

Throughout the last two years, the DEX aggregator has reportedly surpassed the $65 billion benchmark in the overall volume on the Ether network. In winter 2020, it successfully obtained funding from the likes of Pantera Capital and numerous crypto venture funds.

1inch Network co-founder Sergej Kunz additionally remarked that the collaboration with the BitPay wallet app will open up a window enabling the DEX aggregator to tap into new groups of audiences, who would “benefit from the 1inch’s attractive rates and user-friendly swap process”. 

Via the integration, BitPay users will be equipped with the option to swap their Bitcoin (BTC), Ether (ETH), or other holdings for a wide range of crypto assets at 1inch Network’s competitive rates without leaving the app.