1Inch Network Price Real-Time Data
The live price of 1inch Network (1INCH) is **$0.17**, with a **24-hour trading volume** of $15.62 million. Key metrics:
- 24-hour high/low: $0.1854 / $0.1752
- Market capitalization: $245.39 million
- Circulating supply: 1.39 billion 1INCH tokens
- Max supply: Undisclosed
Price updates are refreshed in real-time to ensure accuracy.
What Is 1Inch Network?
The 1Inch Network is a decentralized exchange (DEX) aggregator that optimizes token swaps by scanning prices across multiple DEXs to offer the best rates. Built on Ethereum, it reduces slippage and improves swap efficiency through:
- Multi-DEX liquidity aggregation
- Pathfinder API for smart routing
- Automated Market Maker (AMM) integration
- Governance token (1INCH) for staking and voting
👉 Discover how 1Inch compares to other DeFi platforms
History of 1Inch Network
- Founded: May 2019 at ETHNewYork hackathon by Sergej Kunz and Anton Bukov.
- Mission: Solve inefficiencies in DEX trading (high slippage, poor swap rates).
- Evolution: Expanded from a simple aggregator to a full DeFi suite with governance and liquidity mining.
How 1Inch Network Works
Order Routing:
- Scans DEXs like Uniswap, SushiSwap, etc., to find optimal trade paths.
Split Swaps:
- Divides large trades across multiple DEXs to minimize price impact.
Liquidity Pools:
- Users provide liquidity to earn rewards via 1Inch’s AMM.
Governance:
- 1INCH token holders vote on protocol upgrades and fee distribution.
👉 Learn about staking 1INCH tokens
Why Use 1Inch?
- Cost Efficiency: Better rates than single DEXs.
- Time Savings: Automated best-path swaps.
- DeFi Integration: Part of a broader ecosystem (staking, governance).
FAQ
Q: Is 1Inch Network secure?
A: Yes, it uses audited smart contracts and doesn’t hold user funds.
Q: What’s the utility of the 1INCH token?
A: It enables governance participation and staking for fee rewards.
Q: How does 1Inch make money?
A: It charges a small fee on swaps routed through its platform.
Q: Can I use 1Inch on non-Ethereum blockchains?
A: Yes, it supports Binance Smart Chain, Polygon, and others.
Key Takeaways
- Real-time price: $0.17 (subject to market changes).
- Core feature: DEX aggregation for optimized trades.
- Tokenomics: 1.39B 1INCH in circulation, used for governance.
For traders, 1Inch is a powerful tool to maximize DeFi trading potential.