After expanding the Solana ecosystem, 1inch regained its dominant position as the DEX aggregator with a market share of 60% in May

According to The Block, DEX aggregator 1inch regained market dominance by expanding the Solana ecosystem, with its market share soaring to 60% in May, doubling from its low point in March. Data shows that its Solana version accurately captured the MEME coin trading boom on the chain after its launch at the end of April, driving the total trading volume of the platform to 31.5 billion US dollars, accounting for 60% of the industry's historical peak trading of 5.2 billion US dollars. This strategic expansion significantly changed the competitive landscape, squeezing the market share of competitors such as CoW Swap and Kyber. Analysts point out that Solana currently carries 86% of the new token issuance (with the Base chain accounting for 10%), and the rapid success of 1 inch may force other aggregators to accelerate their multi chain layout. This market share reshuffle indicates that in the context of high transaction fees generated by MEME coin trading, the choice of ecosystem has become a key variable in the competition of DEX aggregators.