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a hackathon with 525,000 dollars at stake

13 hours ago
Bitcoin Ethereum News

A few days ago, 1inch announced the launch of a hackathon with $525,000 at stake.

It is an initiative in collaboration with ETHGlobal that aims to bring to life the next set of unicorns in a unified ecosystem with an improved DeFi user experience.

It will be called Unite DeFi: it will start on July 25 and end on August 6.

1inch: the reference DEX aggregator

1inch is one of the main DEX aggregators in DeFi. 

It is a unified DeFi ecosystem built around a DEX aggregator that now has 23 million users and more than 1 billion dollars in daily token trading volume.

1inch offers efficient and low-cost exchanges, with a range of tools including a self-custodial wallet, a portfolio tracker for managing digital assets, a developer portal, and even a debit card to easily spend your cryptocurrencies.

In fact, it is the main DeFi aggregator, with billions of on-chain and cross-chain transactions.

1inch and ETHGlobal present the hackathon Unite DeFi

Unite DeFi is a global online hackathon that will be hosted by ETHGlobal.

In total, it offers up to $525,000 in prizes to developers for building interoperability and unlocking new DeFi possibilities.

The starting issue is the incompatibility between the main blockchain, due to which wallets and dApps still do not integrate perfectly on a large scale.

The hackathon invites developers from all over the world to harness the true potential of DeFi, to build a truly integrated ecosystem serving users.

How does the hackathon work?

It will be structured into three distinct paths.

The first is looking for a team to implement 1inch Cross-chain Swap (Fusion+) on chains such as Sui, Tron, NEAR, Aptos, Cosmos, Stellar, or Bitcoin.

The second aims to produce innovative hooks and extensions to expand the 1inch Limit Order protocol.

The third aims to develop a comprehensive application using the 1inch APIs to create innovative user-focused solutions.

The participants will have to present their projects to a jury composed of Web3 developers, and they will compete to win a share of the total prize pool, divided among the three tracks.

In addition to the prizes, the projects selected from the hackathon will also have the opportunity to become part of the 1inch ecosystem. 

Note that the same founders of 1inch developed the prototype of their own aggregator during an ETHGlobal hackathon in 2019.

It is also worth noting that the recent updates of Ethereum reduce the costs of rollups, so much so that modularity is becoming a standard.

Now the eyes are focused precisely on the user experience, and the community is beginning to agree that composability is not just a developer term, but the path towards true mass adoption.

The exclusive comment from the co-founder of 1inch

On the occasion of the new Unite DeFi hackathon, the co-founder of 1inch, Sergej Kunz, gave an exclusive comment to The Cryptonomist: 

“Through the Unite DeFi hackathon, we want to improve and extend our non-custodial infrastructure, atomic swaps, and cross-chain solutions. These technologies are fundamental for scaling DeFi, integrating our innovations with the broader crypto sector and, ultimately, with traditional finance. Our protocols have laid the foundations, now we invite the wider community to drive innovation, unlock larger markets, and create future unicorns based on 1inch”.

Then he added: 

“The future of DeFi lies in enabling seamless and intuitive cross-chain interactions, invisible to users, while remaining fully decentralized. At 1inch, we believe that composability is the key and that cross-chain technology is the gateway. Our hackathon is an invitation to builders who want to unlock this future by overcoming fragmentation, enabling new use cases, and pushing the limits of what is possible in this new on-chain world”.

Source: https://en.cryptonomist.ch/2025/06/24/1inch-a-hackathon-with-525000-dollars-at-stake/