DeFi liquidity aggregator 1inch Network has designed a hardware wallet that aims to offer a safe gadget for cryptocurrency consumers to shop their assets.
The 1inch hardware portfolio is undergoing last improvement and testing ahead of remaining launched for sale later on this yr. Once launched, this merchandise will compete with the major huge gamers in the hardware wallet section, this kind of as Ledger and Trezor.
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The move displays 1inch Network’s efforts to diversify its business enterprise. The hardware wallet will have a two.seven-inch touch display, run on a rechargeable battery, and consumers will be ready to signal transactions wirelessly working with QR codes or NFC technological innovation. The task improvement workforce explained:
“As 1inch Network looks to expand its product ecosystem, the 1inch hardware wallet will be an advanced solution for cryptocurrency storage.”
1inch Network is the greatest DeFi liquidity aggregator in the marketplace by recent everyday trading volume. The task permits traders to entry liquidity from numerous DEXs to trade tokens.
In addition to the improvement of the hardware portfolio, just lately 1inch Network is also very lively in constantly releasing much more updates to strengthen the self confidence of DeFi consumers in the platform, in particular in the course of this complicated time period.
Among them are a quantity of notable efforts this kind of as the “launch” of the V5 edition of the Router, the update of Fusion to make improvements to safety and revenue trading, as effectively as the integration of KuCoin Wallet to assistance consumers to exchange tokens at lower value.
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