1I

1inch

1INCH
DeFiRank #87Ethereum

$0.0981

+1.31%24h
+8.55%7d

Market Cap

$137.78M

Volume 24h

$8.43M

Vol / Market Cap

6.12%

Rank

#87

1INCH Price Chart

About 1inch

1inch is a decentralized exchange aggregator that finds optimal trading routes.

1inch is a decentralized exchange aggregator that sources liquidity from multiple platforms to offer optimal trading rates.

How It Works

A decentralized exchange aggregator. It uses an algorithm to scan hundreds of different liquidity sources to find the cheapest possible price for a token swap, often splitting a single trade across multiple exchanges.

Use Cases

Trade Execution Optimization: Used for governance of a protocol that finds the most efficient path for token trades across all decentralized exchanges to save users money.

Tokenomics

DEX Aggregation: A governance token for the 1inch network. It is used to vote on protocol parameters and to facilitate "Gasless" swaps by finding the most efficient liquidity paths across hundreds of DEXs.

Risks & Considerations

Liquidity fragmentation; faces competition from larger aggregators like Uniswap and MetaMask.

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