DeFi liquidity aggregator 1inch Network has developed a hardware wallet that aims to provide a secure device for crypto users to hold their assets.
1inch’s hardware wallet is undergoing final development and testing before being released for sale later this year. Once launched, this product will compete with the leading big players in the hardware wallet segment, such as Ledger and Trezor.
1/ Meet a cutting-edge solution for cold #crypto storage that’s no bigger than a bank card.
We’re excited to introduce to you the #1inchHardwareWallet!
✅ Join the waiting list now: https://t.co/72RRWZI9Ff
— 1inch Network (@1inch) January 19, 2023
The move is showing 1inch Network’s efforts to diversify its business. The hardware wallet will have a 2.7-inch touch screen, run on a rechargeable battery, and users can sign transactions wirelessly using QR codes or NFC technology. The project development team said:
“As 1inch Network wishes to expand its ecosystem of products, the 1inch hardware wallet will be an advanced solution for storing crypto.”
1inch Network is the market’s largest DeFi liquidity aggregator by current daily trading volume. The project allows traders to access liquidity from various DEXs to swap tokens.
In addition to hardware wallet development, recently 1inch Network is also quite active in continuously releasing more updates to strengthen the trust of DeFi users in the platform, especially during this difficult period.
Among them are a series of notable efforts such as “launching” Router V5 version, upgrading Fusion to improve security and swapping profits as well as integrating KuCoin Wallet to support users to trade tokens. with low cost.