About 1inch
1inch dApp is a leading DEX aggregator. It allows users to instantly find the best exchange rates in the DeFi space among the biggest number of liquidity sources (300+) and maximize gains. - 1inch dApp allows users to access all trades that are happening on Ethereum, BNB, Polygon and other major blockchain networks. - Thanks to innovative gas optimization features and community incentives (up to 95% gas refund), users can substantially save on gas on the Ethereum network. - To trade on 1inch, yo…
1inch is a decentralized exchange (DEX) aggregator designed to provide the best trading rates by aggregating liquidity from various DEXs. Founded in 2019 by Sergej Kunz and Anton Bukov, the project aims to optimize the efficiency and cost-effectiveness of DeFi transactions. 1inch's mission is to streamline the process of exchanging tokens within the DeFi ecosystem, ensuring users get the best rates by sourcing liquidity from multiple exchanges.
The significance of 1inch in the industry is underscored by its rapid growth and adoption. By addressing the fragmentation of liquidity across different DEXs, 1inch provides a crucial service for traders looking to maximize their returns. The platform's advanced routing algorithms split trades across multiple liquidity sources, ensuring users receive the most favorable prices.
1inch Magic Store Validation Score
See Results ››1inch Review Score by Real Users
- 751
- 150
- 8
- 1
- 2
1INCH Token Price Chart (Real Time)
Token Statistics
- Market Cap$306,887,715.00
- Volume$51,301,468.00
- Circulating Supply1,270,266,075.624
- Max Supply1,499,999,999.997
- FDMC$362,389,881
About 1inch Network Token
The 1INCH token is the native governance and utility token of the 1inch Network, playing a crucial role in the ecosystem. The token is used for various purposes, including governance, liquidity provision, and staking.
Governance: 1INCH token holders can participate in the decentralized governance of the 1inch protocol via the 1inch DAO. This governance model allows users to propose and vote on key changes and developments, ensuring the platform evolves in line with the community's needs and preferences.
Liquidity Provision: The 1INCH token is integral to the liquidity pools within the 1inch ecosystem. Users can provide liquidity to earn rewards in the form of 1INCH tokens, enhancing the platform's liquidity and trading efficiency. This mechanism also incentivizes users to keep their assets within the ecosystem, contributing to overall stability and growth.
Staking: Users can stake their 1INCH tokens to earn staking rewards. This not only provides an additional income stream for token holders but also helps secure the network by incentivizing long-term participation and reducing token volatility.
Exchanges: The 1INCH token is listed on several major cryptocurrency exchanges, including Binance, Coinbase, and Kraken, making it accessible for trading and investment. These listings provide liquidity and facilitate price discovery, contributing to the token's overall market health.
Overall, the 1INCH token is a multi-faceted asset within the 1inch ecosystem, driving governance, liquidity, and staking while ensuring the platform remains decentralized and user-driven.
1inch Magic Store Trust Score
- Audit Score
- 8No. Of. Audits
- HighScore
- Security Validators Score
- 25.12.2023Validation Date
1inch User Trust Reviews
1inch FAQ
1inch uses an advanced routing algorithm to split your trade across multiple DEXs to ensure you get the best possible rates. This process, known as aggregation, analyzes various liquidity sources to optimize your transaction.
Yes, the 1inch Limit Order Protocol allows you to set limit orders that will execute only when specific conditions are met, providing you with greater control over your trading strategies.
1inch stands out due to its comprehensive feature set, including advanced routing algorithms, cross-chain functionality, and integration with multiple popular wallets like MetaMask and Trust Wallet.
Liquidity providers can add funds to 1inch liquidity pools and earn rewards in the form of 1INCH tokens. These pools enhance the platform's liquidity, making it easier to execute trades.
1inch contributes by aggregating liquidity from various DEXs, providing users with optimal trading conditions, and offering advanced tools like limit orders and cross-chain functionality, thus enhancing the overall efficiency and utility of DeFi.
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