On August 17, the decentralized exchange (dex) aggregator 1inch announced the platform will leverage the Layer 2 solution called optimistic rollups provided by the project Optimism. The collaboration with Optimism aims to “substantially increase transaction speeds and lower gas fees for 1inch users.”
1inch to Use the L2 Solution Optimistic Rollups via Optimism Gateway
Ever since the Ethereum network has been dealing with transaction congestion and much higher fees in 2021, innovations revolving around Layer 2 (L2) scaling solutions and sidechains have been pushed to the forefront of conversations. For instance, sidechains like the Binance Smart Chain (BSC) and Polygon (formally Matic) have been leveraged to stave off expensive ether gas fees. Other concepts include protocols that are not as battle-tested as the leading sidechains, but show the promise of reducing ether fees and network congestion.
One specific concept called “optimistic rollups” has been a very popular L2 solut
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