Overview of 1inch Network
1inch Network is a decentralized exchange (DEX) aggregator that optimizes cryptocurrency trades by scanning multiple liquidity sources. Launched on December 24, 2020, it operates on the Ethereum blockchain and specializes in DeFi and DEX solutions.
Key Features
- DEX Aggregation: Finds the best trading rates across platforms.
- DeFi Integration: Supports decentralized finance protocols.
- Open-Source: Transparent development via GitHub.
👉 Discover how DEX aggregators revolutionize trading
1INCH Token Metrics
| Metric | Value |
|-----------------|-------------|
| Current Price | $0 (USD) |
| 24H Change | -2.95% |
| Circulating Supply | 1.393B (92.93% of total) |
| Total Supply | 1.5B |
Note: Prices and data are sourced from third parties; verify independently.
How 1inch Network Works
- Liquidity Search: Scans DEXs like Uniswap and SushiSwap.
- Split Routing: Divides large trades for optimal pricing.
- Gas Efficiency: Reduces Ethereum transaction costs.
Risks and Considerations
- Market Volatility: Crypto prices fluctuate rapidly.
- Technical Risks: Smart contract vulnerabilities or network failures.
- Regulatory Uncertainty: Compliance varies by jurisdiction.
👉 Learn risk management strategies for crypto investments
FAQ
Q: What is 1inch Network’s primary function?
A: It aggregates liquidity from multiple DEXs to offer users the best trading rates.
Q: How does 1INCH token benefit holders?
A: It’s used for governance and fee discounts within the ecosystem.
Q: Is 1inch Network secure?
A: While audited, DeFi platforms carry inherent risks—always research before trading.
Final Thoughts
1inch Network exemplifies innovation in DeFi by optimizing trade execution. Investors should assess risks and stay updated on market trends.
Data accuracy disclaimer: Prices are indicative and may lag. Use official sources for real-time decisions.
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