1inch Network Integrates Lumia: A New Source of Competitive Liquidity from Centralized Exchanges

The decentralized finance (DeFi) ecosystem of the 1inch Network recently announced an important addition to its aggregation sources. On March 18, Lumia, a liquidity network, was introduced as a new partner to deepen on-chain liquidity and enhance pricing for 1inch users.

Expanding Liquidity Across the Crypto Market

Sergej Kunz, co-founder of 1inch, expressed his network’s goal to provide users with liquidity across the entire crypto market. The addition of Lumia as a significant new source of liquidity represents an essential step towards this objective. Lumia’s integration into 1inch involves a request for quote process, where Lumia serves as a private market maker, and is further expected to extend to 1inch Fusion.

Strategic Transition and Token Swap

Lumia, which was introduced by Orion DAO as a Web3 liquidity layer in February 2024, has been positioned as a vital liquidity source for businesses and a bridge between centralized and decentralized exchanges. Following this introduction, Orion DAO members voted to fully transition to Lumia DAO, with over 90% in favor. This strategic move includes a 1:1 swap of the native ORN token to the new LUMIA token, which is supported by all major exchanges.

The current integration is fully operational on 1inch Legacy and is being completed on 1inch Fusion soon. The 1inch Network, which sources liquidity from over 500 entities, has facilitated over 76 million trades with a lifetime volume of more than $428 billion. The network is governed by a decentralized autonomous organization (DAO), making it the first DAO to hire a permanent legal team through a voting process in January 2024.

By partnering with Lumia, the 1inch Network intends to leverage its capability to access centralized exchanges like Binance, OKX, and KuCoin. This collaboration is expected to provide DeFi users with competitive pricing that rivals centralized platforms. The transition to Lumia DAO marks a strategic step towards enhancing liquidity solutions and trading efficiency in the decentralized finance ecosystem.