What is 1inch?
1inch is a DEX aggregator that sources liquidity from multiple decentralized exchanges to find the best swap rates for users. It splits orders across multiple DEXs to minimize slippage and optimize gas costs.
The platform includes the 1inch Aggregation Protocol, the 1inch Limit Order Protocol, and the 1inch Fusion mode which uses resolvers to execute swaps with zero gas fees for users.
1INCH is the governance and utility token. Staked 1INCH (st1INCH) grants governance voting power and access to Fusion mode resolver benefits. The protocol operates across Ethereum, BSC, Polygon, Arbitrum, and other chains.
1INCH Tokenomics
1INCH has a maximum supply of 1.5 billion tokens. The token was initially distributed through liquidity mining programs and an airdrop to early users of the protocol.
1INCH Historical Price Performance
1INCH launched on Christmas Day 2020 with a generous airdrop to early users. It reached $7.78 in May 2021. The protocol continues to be one of the most-used DEX aggregators, processing billions in cumulative volume.
Frequently Asked Questions
A DEX aggregator compares prices across multiple decentralized exchanges and routes trades through the best path. 1inch checks Uniswap, SushiSwap, Curve, Balancer, and many others to find optimal rates.
Fusion mode allows gasless swaps where professional resolvers execute trades on behalf of users. Users sign a limit order and resolvers compete to fill it, meaning no gas fees for the user.
1inch saves money by splitting trades across multiple DEXs to minimize slippage, finding optimal routes through token intermediaries, and using Fusion mode for gasless execution.
1inch is one of the most audited DeFi protocols with smart contracts verified by multiple security firms. It routes trades through established DEXs and does not custody user funds.
What is a DEX aggregator?
A DEX aggregator compares prices across multiple decentralized exchanges and routes trades through the best path. 1inch checks Uniswap, SushiSwap, Curve, Balancer, and many others to find optimal rates.
What is 1inch Fusion?
Fusion mode allows gasless swaps where professional resolvers execute trades on behalf of users. Users sign a limit order and resolvers compete to fill it, meaning no gas fees for the user.
How does 1inch save money?
1inch saves money by splitting trades across multiple DEXs to minimize slippage, finding optimal routes through token intermediaries, and using Fusion mode for gasless execution.
Is 1inch safe to use?
1inch is one of the most audited DeFi protocols with smart contracts verified by multiple security firms. It routes trades through established DEXs and does not custody user funds.
Risk Warning
Cryptocurrency prices are highly volatile and can change rapidly. The information on this site is provided for informational purposes only and does not constitute financial, investment, or trading advice.