South Korea’s top well-known metaverse blockchain Klaytn is reportedly going to enjoy enhanced performances for liquidity and token swaps, via a new alliance with DeFi protocol 1inch Network.

Specifically, Klaytn has reportedly been winning in South Korea, with the use rate of nonfungible token (NFT) and GameFi surges in the nation.

Klaytn reportedly functions as a tool designed by tech giant Kakao, which commands a user base of approximately 52 million individuals that use its flagship KakaoTalk application and suite of software offerings. 

Klaytn reportedly built its proprietary blockchain upon the foundation of the Ethereum Virtual Machine and operates a variety of play-to-earn and AAA games, NFT marketplaces and Metaverses. 

With its user base keeps on going in the upward direction, the platform is planning for enhancements of its scalability, efficiency and affordability.

Klaytn already completed the aggregation of more than 50 enterprise-level DeFi service providers and decentralized exchanges (DEXs), with the new partnership with 1inch will help the entity tap into 257 extra liquidity sources. 

Klaytn reportedly boasts its capability to finalize the process of 4,000 transactions for every second, and is currently working on the implementation of a dynamic gas fee mechanism. This is a solution to respond to previous hacks taking advantage of its fixed low gas prices.

The current integration of layer two service chains is rolled out as an improvement of token management and oracle services on the metaverse blockchain. Klaytn reported $2.5 billion of overall value locked on its protocol in March this year, and the ongoing merge of various DeFi platforms creates further interoperability between different protocols.

1inch’s integration with Klaytn provides both user bases access to the 1inch Limit Order Protocol v2, KokonutSwap, KlaySwap, Klap and ClaimSwap.