1inch, a decentralized exchange (DEX) aggregator that sources liquidity from various exchanges, has expanded to Optimism Ethereum, a Layer-2 scaling solution.
The aim is to lower gas fees and increase throughput or transactions per second (TPS) for users, said 1inch. Specifically, Optimism Ethereum will be capable of up to around 2,000 TPS when an optimized production version of its network is launched, 1inch co-founder Anton Bukov told The Block.
However, Optimistic Ethereum’s throughput is currently limited to 0.6 TPS; the limitation is to avoid potential risks and failures during the alpha stage of development, said Bukov. Ethereum’s current TPS, on the other hand, is around 15.
As for reduced gas fees on Optimistic Ethereum, Bukov said there should be savings of around 2x-10x compared to Ethereum. „The reduced gas fees became possible due to the architecture of the Optimistic network, which only needs to transfer compressed state changes to Layer 1 (L1) and doesn’t have to pay
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