Current 1INCH Price Overview
- Current Price: $0.1764 USD
- 24-Hour Trading Volume: $16.68 million
- Price Change (24h): +0.00%
- Circulating Supply: 1.39 billion 1INCH
- Max Supply: 1.5 billion 1INCH
What Is 1inch Network?
1inch Network seamlessly integrates multiple decentralized protocols, enabling users to execute efficient, user-friendly, and secure operations in the Web3 ecosystem.
Key Components of 1inch Network:
- 1inch Aggregation Protocol: Combines liquidity from hundreds of sources across multiple blockchains.
- 1inch Liquidity Protocol: Optimizes trades by splitting orders across DEXs for the best rates.
- 1inch Limit Order Protocol: Allows users to set custom trade conditions.
- 1inch Wallet: A fast and secure mobile app for storing, sending, receiving, and swapping crypto assets.
👉 Discover how 1inch's Fusion mode revolutionizes DeFi trading
1inch Swap Engine
Powered by aggregation and limit order protocols, this decentralized trading system connects users to near-infinite liquidity. It employs a Dutch auction model for higher efficiency and flexibility compared to traditional swaps.
Fusion Mode Highlights:
- Zero Network Fees: Trade without paying gas fees.
- MEV Protection: Safeguards against miner-extractable value exploits.
- Resolver Execution: Professional traders ensure optimal execution.
History of 1inch Network
Founded at ETHGlobal's 2019 hackathon in New York by Sergej Kunz and Anton Bukov, 1inch began as a solution to fragmented DeFi liquidity. Their DEX aggregator prototype evolved into today’s multichain network, addressing inefficiencies in decentralized trading.
The 1INCH Token
Launched in December 2020, 1INCH serves as the network’s governance and utility token.
Token Utilities:
- Staking: Earn Unicorn Power (UP) to participate in DAO governance.
- Fusion Rewards: Delegate UP to resolvers for trading incentives post-2022 upgrade.
FAQ: 1inch Network Explained
How does 1inch ensure the best swap rates?
By scanning hundreds of liquidity sources and splitting orders algorithmically, 1inch guarantees optimal pricing with minimal slippage.
Is 1INCH a good investment?
👉 Explore 1INCH trading strategies on OKX
While past performance isn’t indicative of future results, 1inch’s innovative tech and growing DeFi adoption position it as a notable player in aggregation protocols.
What chains support 1inch Network?
Ethereum, BSC, Polygon, Avalanche, and 10+ other EVM-compatible blockchains.