1inch Network Price (1INCH)
1inch Network to USD Chart
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1INCH Price Live Data
The live 1inch Network price today is $4.26 USD with a 24-hour trading volume of $680,948,542 USD. We update our 1INCH to USD price in real-time. 1inch Network is up 14.39% in the last 24 hours. The current CoinMarketCap ranking is #115, with a live market cap of $769,113,995 USD. It has a circulating supply of 180,362,122 1INCH coins and the max. supply is not available.
If you would like to know where to buy 1inch Network, the top exchanges for trading in 1inch Network are currently Binance, Huobi Global, Mandala Exchange, OKEx, and FTX. You can find others listed on our crypto exchanges page.
What Is 1inch Network (1INCH)?
The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space.
The 1inch Network's first protocol is a decentralized exchange (DEX) aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. The 1inch Aggregation Protocol incorporates the Pathfinder algorithm for finding the best paths across over 60+ liquidity sources on Ethereum, 30+ liquidity sources on Binance Smart Chain, 30+ liquidity sources on Polygon, Optimistic Ethereum, and Arbitrum. In just over two years of operation, the 1inch Aggregation Protocol surpassed $80 bln in overall trading volume on the Ethereum network alone.
The 1inch Liquidity Protocol is a next-generation automated market maker (AMM) that protects users from front-running attacks and offers attractive opportunities to liquidity providers.
The 1inch Limit Order Protocol facilitates the most innovative and flexible limit order swap opportunities in DeFi. The protocol’s features, such as dynamic pricing, conditional orders, and extra RFQ support, power various implementations, including stop-loss and trailing stop orders, as well as auctions.
The 1inch Wallet is a multichain mobile platform that provides an easy-to-navigate interface with secure storing, transaction, and staking capabilities. This versatile wallet was built from the ground up to streamline interacting with 1inch’s features.
The 1inch Network's governance token 1INCH is used to vote on protocol parameters under the decentralized autonomous organization (DAO) model.
In August 2020, 1inch got a $2.8 million funding raise from Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures, and Divergence Ventures.
In December 2020, 1inch raised another $12 million in Series A funding, led by Pantera Capital, with others including ParaFi Capital, Blockchain Capital, Nima Capital, and Spartan Group. The funding round was conducted through a SAFT (simple agreement for future tokens) sale.
Who Are the Founders of 1inch Network?
The 1inch Network was founded by Sergej Kunz and Anton Bukov over the course of the ETHGlobal New York hackathon in May 2019. The two had earlier met during a live stream of Kunz’s YouTube channel (CryptoManiacs) and began entering hackathons together, winning a prize at a hackathon in Singapore, as well as two major awards from the ETHGlobal.
Prior to 1inch, Sergej Kunz worked as a senior developer at product price aggregator Commerce Connector, coded at communication agency Herzog, led projects at Mimacom consultancy, and then worked full time at Porsche in both DevOps and cybersecurity.
Anton Bukov had worked in software development since 2002 and in decentralized finance (DeFi) since 2017. Among other projects, his resume features gDAI.io and NEAR Protocol.
What Makes 1inch Network Unique?
In addition, to access to deepest liquidity from multiple sources on Ethereum, Binance Smart Chain, Polygon, Optimistic Ethereum, and Arbitrum, the 1inch Network offers users attractive prices and a high degree of security being the most audited project in DeFi.
How is the 1inch Network secured?
1inch is non-custodial, and all trades take place within one transaction from a user’s wallet on any of the supported blockchains and layer-2 networks.
The technical structure of all 1inch protocols provides a high degree of security to users as well. For example, insecure liquidity sources can connect to the 1inch Aggregation Protocol without users risking the loss of funds. The protocol integrates security checks during every transaction to prevent any losses. As of October 2021, more than 120 liquidity sources are integrated into the 1inch Network.
1inch smart contracts got audited by leading audit teams in the industry such as OpenZeppelin, Consensys diligence, SlowMist, Haechi Labs, CoinFabrik, Certik, Hacken, Scott Bigelow, MixBytes, and Chainsulting.
Where can you buy 1INCH?
After the 1INCH token was launched in late December 2020, all wallets that had interacted with the 1inch dApp through midnight on December 24 received 1INCH tokens if they met certain criteria. Liquidity providers for the 1inch Liquidity Protocol are also getting 1INCH tokens according to the 1inch Foundation’s various incentives and liquidity mining programs.
Our most recent articles about 1inch:
Check out Paraswap here, another DEX aggregator.
Check out 0x Protocol, which operates DEX liquidity aggregator 0x API.
To learn all about crypto, read up on CMC Alexandria.
Check out CoinMarketCap’s blog here.
1INCH to USD Converter
1INCH Price Statistics
|1inch Network Price||$4.26|
|24h Low / 24h High|
|Volume / Market Cap||0.8854|
|Total Value Locked (TVL)||$89,467,489|
|Fully Diluted Market Cap||$6,396,415,043.44|
|Yesterday's Low / High|
|Yesterday's Open / Close|
|7d Low / 7d High|
|30d Low / 30d High|
|90d Low / 90d High|
|52 Week Low / 52 Week High|
All Time HighMay 08, 2021 (5 months ago)
All Time LowJun 14, 2021 (4 months ago)
|1inch Network ROI||No Data|
|Circulating Supply||180,362,122 1INCH|
|Total Supply||1,500,000,000 1INCH|
|Max Supply||No Data|