The live price of 1inch (1INCH) today is 0.537065 USD, and with the current circulating supply of 1inch at 1,143,568,546.40 1INCH, its market capitalization stands at 614,170,611 USD. In the last 24 hours 1INCH price has moved ? USD or 0.00% while ? USD worth of 1INCH has been traded on various exchanges. The current valuation of 1INCH puts it at #130 in cryptocurrency rankings based on market capitalization.
Learn more about the 1inch blockchain network and how it works or follow the price of its native cryptocurrency 1INCH and the broader market with our unique COIN360 cryptocurrency heatmap.
1inch (1INCH) is a decentralized exchange (DEX) aggregator, designed to roll liquidity and pricing from various DEXs into one platform to provide users with the best possible trading rates. The 1inch protocol is powered by a unique algorithm that finds the most efficient swapping routes across all leading DEXs, thereby minimizing slippage and reducing cost for traders.
1inch operates on the Ethereum blockchain, utilizing the Ethereum's Proof-of-Stake (PoS) consensus mechanism, which is energy-efficient and provides faster transaction times compared to Proof-of-Work (PoW) systems.
1inch is built on the Ethereum blockchain, the world's leading programmable blockchain. It also supports Binance Smart Chain (BSC), enabling users to swap tokens directly from their wallets in a fully decentralized manner.
1inch's unique aggregation protocol allows it to scale effectively, handling a high volume of transactions simultaneously while maintaining optimal swap rates.
1inch prioritizes user security, with smart contract audits and rigorous testing to ensure the safety of user funds.
As a decentralized platform, 1inch respects user privacy. No personal data is required to use the platform, ensuring user anonymity.
1inch is a fully decentralized platform, with governance rights given to 1INCH token holders, promoting transparency and community involvement.
1inch was co-founded by Sergej Kunz and Anton Bukov, both of whom have extensive experience in blockchain technology. The platform operates under a decentralized autonomous organization (DAO) model, with 1INCH token holders having voting rights on key protocol decisions.
1inch serves as a DEX aggregator, providing users with the best possible trading rates. It has the potential to disrupt the DeFi landscape by making token swaps more efficient and cost-effective.
1INCH tokens can be purchased on various exchanges such as Binance, Huobi, and OKEx. Users can also swap tokens directly on the 1inch platform.
1INCH tokens can be stored in any wallet that supports ERC-20 tokens, such as MetaMask, Trust Wallet, and Ledger.
1inch has partnered with leading blockchain projects like Compound, Aave, and Uniswap, further enhancing its platform's capabilities.
1inch's future plans include expanding support for additional blockchains and continuously optimizing its aggregation algorithm for better swap rates.
While 1inch offers many benefits, it also faces challenges such as smart contract vulnerabilities and the volatile nature of the cryptocurrency market.
1inch has a vibrant community of users, developers, and traders who actively participate in the platform's governance and development.
As a decentralized platform, 1inch operates in compliance with all relevant regulations and ensures that its services are available only in jurisdictions where they are legally permitted.
In conclusion, 1inch is a powerful tool in the DeFi space, providing users with optimal trading rates by aggregating liquidity from various DEXs. Its unique technology, robust security measures, and active community make it a promising project in the blockchain industry.